Kasa
A hospitality technology company, Kasa transforms real estate into professionally managed short-term rentals using its proprietary operating system.
Secondary Market Price
Secondary Market Price
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Company Description
Kasa is a tech-focused hospitality company that operates an asset-light model, partnering with institutional real estate owners to transform properties into professionally managed short-term rentals. The company works with multifamily apartments, boutique hotels, and single-family homes, using its proprietary operating system to manage the accommodations. It currently operates in over 40 cities, working with major real estate partners such as Greystar, AMLI Residential, and Starwood Capital. Founded in 2016 by Roman Pedan, a former real estate private equity investor at KKR, Kasa has since expanded to host more than one million reservation nights.
The company is positioned for continued growth, supported by what it describes as the strongest balance sheet in its sector and strategic commitments from real estate investors. In October 2023, Kasa raised a $70 million funding round co-led by Citi Ventures and FirstMark, bringing its total raised capital to $120 million. This follows a previous $30 million round in 2020. In addition to its financial milestones, the company is expanding its leadership team, having recently hired a Chief Commercial Officer to help guide its expansion.
- Citi Ventures
- Silver Lake Waterman
- Prudential Financial
- Berkshire Partners
- Co-Founder, CEO Roman Pedan
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Kasa Measures Up
To help you manage your Kasa equity, Prospect has run the company through our machine learning model.
Prospect Rating
5X
We project Kasa has the potential to increase its valuation by 5X within four years. For an employee, this means the stock options they receive could become substantially more valuable over that period.
Exit Risk
Moderate Risk
Our moderate risk rating, which estimates the likelihood of a company not reaching a liquidity event for employees compared to other startups, was assigned to Kasa because it successfully fundraised since the market downturn.
Funding Stage
Series C
As a job seeker, Kasa's Series C funding indicates the company is well-established and entering a major growth phase. This means you'd be joining at a time that balances the security of a proven business with the excitement of rapid scaling.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Kasa worth joining?
With $120 million in funding and a recent valuation of $280 million, Kasa shows significant growth and strong backing in the hospitality tech space. To determine if it's the right fit for you, platforms like Prospect can help you evaluate the company and your potential equity using venture capitalist-level data.
What should I do with my Kasa stock?
Deciding what to do with private stock involves complex considerations around exercising options, taxes, and timing. You can use specialized tools from Prospect to model different scenarios and create a tax-optimized strategy to maximize your equity's value.
Can you sell Kasa stock?
As Kasa is a private company, its stock is not traded on public exchanges and is generally illiquid. It may be possible to sell shares on a secondary market, though this is not guaranteed and is subject to company restrictions.
How can I find the value of my Kasa stock?
The value of your shares is based on the company's most recent valuation, which is $280 million, and the total number of shares outstanding. For a more personalized estimate, you can use an equity calculator to project your stock's potential worth based on various growth and market scenarios.
What is Kasa's equity worth?
Kasa's latest valuation places the company's total equity at $280 million, following its Series C funding round. Platforms like Prospect use comprehensive data to analyze a company's trajectory, helping you understand what your specific equity stake could be worth in the future.
What is Kasa's stock ticker symbol?
Kasa does not have a stock ticker symbol because it is a privately held company. Ticker symbols are only assigned to companies that are listed and traded on public stock exchanges.
Can I buy or sell Kasa stock?
Since Kasa is a private company, its stock is not available for purchase or sale on public markets like the NYSE or NASDAQ. Any transactions would have to occur through private sales or secondary markets, which are infrequent and subject to company approval.
What is the criteria to buy or invest in Kasa stock?
Investing in a private company like Kasa is typically restricted to accredited investors and venture capital firms during official funding rounds. Employees, however, can receive equity as compensation, and platforms like Prospect help them evaluate the value of these offers.
