Casai, in a move to pump more effort into the short-term rental and travel sectors of the industry, has raised $23 million. The startup has also received a debt facility of up to $25 million from TriplePoint Capital. Casai plans to use the funding to support expansion across Latin America.
Things were looking tough for Casai at the beginning of the year when the pandemic first began and the travel industry felt the most unsure about the future of real estate. But within the last few months, Casai has bounced back, recovering nearly 90% capacity within Mexico City.
This is the second piece of news from us today on a short-term rental company raising funding to pump into the sector. Kasa Living has also raised an impressive amount of $30 million in a Series B funding round.