Evolve acquires vacation rental pricing platform Everbooked
By cameron in Uncategorized
Evolve Vacation Rental Network has acquired the technology and intellectual property assets of Everbooked, a dynamic pricing platform for the short-term rental industry.
Founded in 2011, Evolve has more than 9,000 properties under management in more than 500 markets across North America. The company handles all marketing, booking and guest communication for a 10% fee on each reservation.
Evolve has been using Everbooked’s market intelligence tools and dynamic pricing algorithms for the past two years, and now it will have exclusive access to the technology.
“With this acquisition, Evolve homeowners will be uniquely positioned to benefit from industry-leading pricing, analytics and revenue management,” says Brian Egan, CEO and co-founder of Evolve.
“Bringing the Everbooked platform in-house expands the intelligence of our already dynamic and competitive revenue management capabilities.”
In August, Evolve raised $80 million, bringing its total funding to $103 million.