Guesty, a cloud-based system to simplify management of vacation rental properties across multiple distribution channels, has raised $19.75 million in Series B funding.

The round was led by TLV Partners, which joined existing investors Magma VC and Buran VC.

In addition to channel management, the system offers property management software, payment processing, communication tools, website creation tools, a portal for homeowners and more.

Guesty will use the funding to expand its team in all areas including product, customer service, guest relations and marketing.

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