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Vacasa closes $64M fundraising round

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Vacasa closes $64M fundraising round

Vacation rental company Vacasa LLC raised $64 million in its latest capital raising round, taking its total funds raised to $207.5 million, The Real Deal reported, citing a company statement.

Riverwood Capital LLC and other investors injected capital into Vacasa's funding round, with the fresh capital to be utilized for its stateside and international expansion. Vacasa CEO and founder Eric Breon was cited by the Oct. 18 report as saying the funding would also be channeled toward strengthening the company's balance sheet and investing in their technology platform.

Vacasa's earlier investors who participated in earlier funding rounds include NewSpring Capital LLC, Assurant Growth Investing and Level Equity, with the latter headlining the Portland, Ore., company's $40 million series A funding round in 2016. The $103.5 million Series B fundraising round was announced in 2017, the publication added.