Kasa Living, A Short-Term Rental Startup, Raises $30 Million To Create A More Formal Airbnb

Kasa Living, a startup that offers short-term rentals inside hotels and multi-family properties, has raised $30 million in Series B funding to improve its software and streamline its operations, the company says. The fundraise adds to a previously unannounced $20 million Series A that it closed last year. Palo-Alto based Ribbit Capital led the latest round.

He decided to create short-term rentals that were more standardized, but still cheaper than many hotels, by leveraging vacant units inside hotels and apartments. Today Kasa’s typical rental goes for roughly $130 per night. secured its first partnership with an apartment building in Santa Clara, whose owner offered up four units as a pilot. They had less than a week to convert the space. “We were sleeping on the floor of the apartments because the beds weren’t yet built,” Pedan says.

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