PE Fund Investments
Rental revenue mgmt s'ware firm PriceLabs raises $30-M
Pune- and Chicago-based PriceLabs, a SaaS provider of pricing and revenue management solutions for owners renting out their properties on a short term rental basis, has raised USD 30 million in minority growth investment from Summit Partners. Colin Mistele, Managing Director at Summit Partners, will join the company's board of directors. The hitherto bootstrapped PriceLabs will use the funds for building revenue management solutions as well as a global team. PriceLabs was founded in 2014 by Richie Khandelwal, Anurag Verma and Sana Hassan.
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