DENVER and SAN FRANCISCO, March 14, 2022 /PRNewswire/ — AirDNAone of the world’s leading providers of short-term rental (STR) data and predictive analytics software, today announced its strategic partnership with Alpine investors (“Alpine”), a people-focused private equity firm. Terms of the private transaction were not disclosed.
AirDNA is a long-time pioneer in third-party STR data, and its reputation for superior accuracy is recognized by its data partners and the world’s top tourism and real estate professionals. With Alpine’s support, AirDNA will be able to improve its data solutions, developing even more sophisticated tools across multiple industries, including hospitality and real estate, through its open-source intelligence platform. -service (MarketMinder) and its enterprise data packages.
denverThe AirDNA technology start-up was founded by Scott Shatford in 2014 to give hosts and investors the market insights they needed to thrive. Today, their suite of software and reports equips more than 85,000 all-time customers in 65 countries with solutions for making data-driven decisions in this rapidly growing industry that has generated approximately $113 billion in 2021.
“From humble beginnings as four people in a garage, AirDNA has remained true to its mission to unlock opportunities through short-term rental data. We pride ourselves on providing insight to hosts and also being powerful enough for business,” Shatford said. “Alpine immediately recognized the power of our platform. Alpine’s expertise in building software and data businesses, combined with its values-driven model, makes it the ideal partner.”
As part of this partnership, AirDNA will host Demi Horvat as COO to take the company to the next level with his vast expertise: Demi joins Alpine’s CEO Program, an internal talent program that recruits, develops and places emerging leaders in its portfolio companies. Scott Shatford will continue as CEO of AirDNA to lead global product strategy.
“The STR industry has disrupted the broader accommodation and real estate sectors, and it’s exciting to be in a field where change is creating so many opportunities for growth and innovation. AirDNA has a proven track record of success,” Horvat said. “I’m thrilled to join a company that aligns so closely with my values, and I’m thrilled to help build the market-leading software they already offer.”
“Our first priority will be to listen to the AirDNA team and customers as we invest in expanding this company’s engineering and customer-facing capabilities,” said Marc Strauch, partner at Alpine. “We are thrilled to welcome AirDNA to the Alpine community and help expand their impact to meet the needs of the rapidly changing STR industry.”
For AirDNA, GLC Advisors served as financial advisors, and LLP scale served as legal counsel. For Alpine, Morrison Foerster served as legal counsel.
AirDNA helps hosts, property managers and investors succeed in the short-term vacation rental market by turning rental data into actionable analytics. the denverhas tracked the daily performance of 10 million vacation rentals across 120,000 global markets since 2014 to provide real-time market insights. Their range of online and exportable reports provide a solution for anyone in the industry to analyze trends, rental prices, identify new investment opportunities and benchmark performance.
About Alpine Investors
Alpine Investors is a people-focused private equity firm committed to building sustainable businesses by working with, learning from and developing exceptional people. Alpine specializes in investing in companies in the software and services sector. Its PeopleFirst strategy includes a CEO program that enables Alpine to provide leadership in situations where additional or new management is needed after the transaction. Alpine is currently investing in its $2.25 billion eighth fund. For more information, visit http://www.alpineinvestors.com.
Kristina Sprindyte, Director of Communications
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