Evolve Vacation Rental Network
Summary[edit]
Evolve Vacation Rental Network is a vacation rental management company based in Denver, Colorado, United States.[1][2][3]. The company services more than 9,000 short-term rental properties in over 500 markets throughout North America[4][5].
History[edit]
Evolve Vacation Rental Network was founded in 2011 by Brian Egan and Adam Sherry, both of whom came to the vacation industry through the Denver-based luxury destination club, Exclusive Resorts. Headquartered in Denver, Colorado, Evolve has received recognition as one of the 10 fastest-growing startups in Colorado[6][7][8].
In 2013, Evolve secured a $2.7 million funding round led by Robert Mylod the former Vice Chairman and Chief Financial Officer of Priceline Group. Mylod joined Evolve’s board of directors in conjunction with the funding[9][10].
In 2016, Evolve raised $5.5 million in funding to expand their team and support marketing efforts to attract more homeowners. The round was led by T. Rowe Price Associates, and included participation from Annox Capital and Allen & Company[11][12][13].
In 2017, Evolve announced another round of funding led by T. Rowe Price Associates[14]. It secured $11 million during the round, which the company used to relocate its headquarters to a new 38,000-square-foot space at 717 17th Street in Denver[15][16][17][18]. Evolve also announced plans[19] to add 100 employees to its staff.
In 2018, Evolve raised another $80 million in funding, led by T. Rowe Price Associates Inc. and including Winslow Capital Management, Foxhaven Asset Management and Arrowmark Partners. This round brought Evolve's total funding to $103 million[20]. With this round, Evolve plans on supporting their continued triple-digit annual growth, improving its core offerings, and continuing to develop their tech-enabled services platform[21][22][23].
Business Model[edit]
Evolve Vacation Rental Network provides vacation rental management services to homeowners who use their second homes as short-term rentals[24][25]. Evolve handles all of the marketing and booking tasks for vacation rental owners, while offering flexibility for on-the-ground services by allowing owners to be as hands-on or hands-off as they prefer[26][27]
References[edit]
- ↑ Villano, Matt (2014-11-21). "What's Next for the Sharing Economy?". Entrepreneur. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network Competitors, Revenue and Employees - Owler Company Profile". Owler. Retrieved 2018-10-23.
- ↑ "Denver's tech ecosystem is a work in progress as companies come and grow — and others get sold". The Colorado Sun. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network on HomeAway, Vacation Rentals in Africa, Asia, Australia & South Pacific, Canada, Caribbean, Central America, Europe, Greenland, India & Indian Ocean, Mexico, Mount Washington Place, Oceania, South America, USA, World (other)". www.homeaway.com. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network lands $80M to keep pace with triple-digit growth". Built In Colorado. Retrieved 2018-10-23.
- ↑ "Brian Egan building special culture at Evolve". www.bizjournals.com. Retrieved 2018-10-23.
- ↑ "Upstart site aims to make vacation renting easier for owners: Travel Weekly". www.travelweekly.com. Retrieved 2018-10-23.
- ↑ "Movin' on up: Meet 10 of the fastest-growing companies in Colorado tech". Built In Colorado. Retrieved 2018-10-23.
- ↑ "Vacation rental marketing firm Evolve gets $2.7 million in funding". Skift. 2013-04-18. Retrieved 2018-10-23.
- ↑ "Online vacation rental startup Evolve raises $2.7 million". Tech+. Retrieved 2018-10-23.
- ↑ "Evolve secures $5.5M as vacation rental market matures". Built In Colorado. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network raises $5.5M to help owners with distribution". tnooz. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rentals Raises $5.5 Million Led by T. Rowe Price - VRM Intel". www.vrmintel.com. Retrieved 2018-10-23.
- ↑ "Private-home rental site Evolve plans major expansion after mastering Airbnb, HomeAway, travel sites". The Denver Post. 2017-06-01. Retrieved 2018-10-23.
- ↑ "Denver vacation rental company raises $11 million; will relocate HQ and hire 100". www.bizjournals.com. Retrieved 2018-10-23.
- ↑ "Project Files: Evolve Vacation Rental Network – dIAmeter". www.interiorarchitects.com. Retrieved 2018-10-23.
- ↑ "Denver vacation rental company raises $11 million; will relocate HQ and hire 100". www.bizjournals.com. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network". www.merchantsofficefurniture.com. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network to Relocate Headquarters in Downtown Denver". Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network Raises $80 Million". www.cobizmag.com. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network Raises $80M | FinSMEs". FinSMEs. 2018-08-24. Retrieved 2018-10-23.
- ↑ Network, Evolve Vacation Rental. "Evolve Vacation Rental Network Announces $80 Million in New Funding". www.prnewswire.com. Retrieved 2018-10-23.
- ↑ "Evolve Vacation Rental Network snags $80 mln - PE Hub". PE Hub. 2018-08-27. Retrieved 2018-10-23.
- ↑ "Evolve Releases 2018 Vacation Rental Performance Reports for 3 Popular Colorado Mountain Destinations". PRWeb. Retrieved 2018-10-23.
- ↑ "Landlord Nation: Boomers' New Retirement Plan Is Millennials Paying Rent". www.bloomberg.com. Retrieved 2018-10-23.
- ↑ Schonfeld, Erick. "Evolve Vacation Rental Brings White-Glove Service To Online Listings". TechCrunch.
- ↑ Network, Evolve Vacation Rental. "Evolve Vacation Rental Network Attracts $11 Million in New Funding to Fuel Growth". www.prnewswire.com. Retrieved 2018-10-23.
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