# Evolve Vacation Rental Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evolve-vacation-rental-network

- Industry: Travel & Leisure
- Headquarters: Denver, US
- Website: www.evolvevacationrental.com
- Total disclosed funding: $91M
- Latest round: Series G (Jun 1, 2018)
- Investors on record: 7

## About

Evolve Vacation Rental Network, Inc. is a vacation rental management company that specializes in optimizing property owners' rental performance while providing high-quality vacation homes to guests across North America.Founded in 2011 and headquartered in Denver, US, Evolve Vacation Rental Network, Inc. focuses on streamlining vacation rental management. The company has received a total of 5 funding rounds, with the latest being a Series I investment on February 14, 2022, where it raised USD 103.73 mn led by Durable Capital Partners. The current company valuation is USD 679.43 mn.Evolve specializes in vacation rental management services, providing property owners with tools and expertise to optimize their rental performance while ensuring guests have access to high-quality vacation homes. Their offerings include comprehensive property management, rate adjustments, marketing on major booking platforms, and guest communication support. Evolve serves a diverse customer base, including property owners in popular travel destinations such as Florida, California, Texas, and Colorado, and travelers seeking vetted vacation rentals. By focusing on flexible cancellations and competitive pricing, Evolve addresses common vacation rental market pain points.Evolve generates revenue primarily through a commission-based model, charging property owners a fee starting at 10% for the management and promotion of their vacation rentals. This structure enables the company to facilitate transactions directly between homeowners and guests while providing value-added services. Evolve enhances the visibility of vacation homes, aiming to maximize occupancy rates and revenue for owners, ensuring a performance-driven relationship with property owners.In February 2022, Evolve Vacation Rental Network, Inc. raised USD 103.73 mn in Series I funding to accelerate property growth and reimagine the vacation rental experience. The funding will support innovations such as their Rest Easy Promise for guests and Risk-Free Guarantee for owners. Evolve plans to expand into new geographic regions to enhance its market presence, though specific locations and timelines have not been disclosed.

## Funding rounds

- Series G, Jun 1, 2018, $80M — T Rowe Price, Allen & Company, ArrowMark Partners, PAR Capital Management, Winslow Capital Management, Annox Capital, Foxhaven Asset Management
- Series C, Jun 1, 2017, $11M — Allen & Company, PAR Capital Management, Annox Capital

## Investors

- Allen & Company — Series C, Series G
- PAR Capital Management (https://capitalatlas.ai/funds/par-capital-management) — Series C, Series G
- Annox Capital (https://capitalatlas.ai/funds/annox-capital) — Series C, Series G
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series G
- ArrowMark Partners — Series G
- Winslow Capital Management (https://capitalatlas.ai/funds/winslow-capital-management) — Series G
- Foxhaven Asset Management — Series G