AirDNA has been acquired by Alpine Investors to help fuel the short-term rental data provider’s growth.
Terms of the acquisition partnership have not been disclosed.
Founded in 2014 by Scott Shatford, Denver, Colorado-based AirDNA provides market intelligence to short-term rental hosts and investors. It has more than 85,000 all-time customers across 65 countries that use AirDNA’s software and reports to make data-driven decisions.
With Alpine Investors’ backing, AirDNA will develop additional tools for multiple industries including hospitality and real estate through its self-serve intelligence platform, called MarketMinder, and enterprise data packages.
“Since its humble beginnings as four people in a garage, AirDNA has stayed true to its mission of opening opportunities through short-term rental data. We are proud to provide insights to hosts and also be powerful enough for enterprise organizations,” says Shatford.
Subscribe to our newsletter below
“Alpine immediately recognized the power of our platform. Alpine’s expertise in building software and data businesses, paired with their values-driven model, makes them the perfect partner.”
As part of the acquisition partnership, Shatford will remain CEO of the company, and Demi Horvat will join AirDNA as COO from Alpine’s in-house CEO Program.
Says Hovart: “The STR industry has shaken up the broader lodging and real estate industries, and it’s exciting to be in an area where change is creating so much opportunity for growth and innovation. AirDNA has a proven track record of success.”
In a similar move, last week, OTA Insight bought vacation rental business intelligence brand Transparent for an undisclosed sum.