AirDNA, a leading provider of global short-term rental (STR) data and predictive analytics software, announced its strategic partnership with Alpine Investors, a people-driven private equity firm. Terms of the private transaction were not disclosed.
AirDNA is a long-standing 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 backing, AirDNA will be able to enhance its data solutions, developing even more sophisticated tools across multiple industries, including hospitality and real estate, through its self-serve intelligence platform (MarketMinder) and enterprise data packages.
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Denver-based technology startup AirDNA was founded by Scott Shatford in 2014 to empower hosts and investors with the market intelligence they needed to thrive. Now, their range of software and reports equip over 85,000 all-time customers across 65 countries with solutions to make data-driven decisions in this rapidly-growing industry which generated an estimated $113 billion in 2021.
“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,” said Shatford. “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.”
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As part of the partnership, AirDNA will welcome Demi Horvat as COO to scale the business to the next level with her wide expertise: Demi joins from Alpine’s CEO Program, an in-house talent program that recruits, develops, and places emerging leaders into its portfolio companies. Scott Shatford will continue as AirDNA’s CEO to lead the global product strategy.
“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,” said Horvat. “I’m delighted to be joining a company that aligns so closely with my values, and I’m excited to help expand 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 the engineering and customer-facing capabilities of this business,” said Mark Strauch, partner at Alpine. “We’re excited to welcome AirDNA into the Alpine community and help scale their impact to meet the needs of the fast-changing STR industry.”
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