Last December, MyVR ended a Series A funding round with $6.1 million and is now using some of the capital to grow its first sales department, the rest going towards hiring its first team member, Randy Sparks, who has been in the long-term vacation profession in the past. Spark had started in MyRV's San Francisco office earlier this month as its head of growth and customer success. Sparks stated that coming back to the company was "like coming back home."
MyVR is a vacation rental management platform that provides operational software to individual homeowners and managers with generally around 20 or fewer properties, though some of its clients have thousands of homes in their inventories. Most of its clients are in North America and the Caribbean. The software connects openly with applications like Airbnb, MailChimp, and others, as well as a new services marketplace for resources like its live consultations to learn more about SEO strategy.
Co-founders Jonathan Murray, Michael Stachowiak, and Markus Nordvik created the software in 2010 after struggling to find tech solutions that fit their own personal vacation rental management needs. At the time, legacy software was too clunky for individual homeowners or small property managers. They set out to build a solution to meet this hole in the market and fluidly integrate with outside developers. The result was MyVR, which graduated from Y Combinator later that year.
Seven years later, the team closed a $6.1 million Series A round led by True Ventures with participation from SV Angel, Clem Bason, and Chris Dixon. In its seed round in 2012, MyVR received investments from Zillionize Angel, SV Angel, Y Combinator, and nine individual investors, including the co-founders.
Read more here
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.