Kasa, the tech-enabled hospitality startup, has raised $40 million in growth funding led by SLW, fueling its rapid expansion across boutique hotels, apartment-style lodging, real estate partnerships, and AI-driven operations.

Kasa operates as a tech-enabled hospitality brand that blends technology with seamless guest services. With this new capital, the company plans to strengthen its proprietary operating system, integrating advanced AI-driven operations that enhance both guest experiences and property owner returns.

“We are building a better way to operate hospitality properties: one that’s lighter, smarter, and more profitable,” said Roman Pedan, Founder and CEO of Kasa.

“This funding allows us to double down on investing in systems to drive performance for our partners. We’re giving independent hoteliers access to the kind of technology and operational backbone that, until now, was only available to the world’s largest hotel brands,” added Roman Pedan.

By combining its centralized technology with streamlined operations, Kasa has set a new benchmark for efficiency in boutique hotels and apartment-style lodging. The company currently manages over 85 properties in 45 markets, providing institutional-grade services to real estate owners nationwide.

Partnerships with Real Estate Giants

Many traditional hotels maintain staffing, such as revenue management, front desk, and accounting, regardless of occupancy levels, which inflates costs. Kasa eliminates this redundancy by centralizing operations, using automation, and removing front desks entirely.

Guests simply walk in, check in digitally, and go straight to their room. This labor-light model enables property-level savings that would otherwise be impossible.

Kasa has become the partner of choice for institutional investors, working with prominent names such as Starwood Capital, Berkshire, Prudential, Greystar, and Brookfield. Its real estate partnerships help property owners achieve superior results while modern travelers benefit from consistent, high-quality stays.

The company also serves as the exclusive short-term rental provider for half of the 20 largest multifamily owners in the US. This unique positioning underscores its value in bridging traditional property ownership with tech-enabled hospitality solutions.

AI-Driven Operations Boost Performance

Through its robust hospitality operating system, Kasa is scaling with AI-driven operations that improve occupancy rates, streamline check-in processes, and enhance customer support. Guests staying at properties like Kasa Little Italy in San Diego and Kasa Magnificent Mile in Chicago frequently rate these locations among the top in their respective cities.

Small and independent hospitality operators often struggle with fragmented systems, including property management systems (PMS), revenue tools, and guest communication.

Kasa addresses this with an integrated proprietary OS combining PMS, dynamic pricing, trust & safety, self-check-in, AI-driven guest support, and revenue management. It functions like a “revenue-management scientist,” optimizing RevPAR and reducing manual complexity.

Owners of multifamily or boutique spaces often face vacancies or inefficient use of their property. Kasa transforms underutilized space into stylish, tech-managed accommodations that unlock new income streams and enhance asset utilization.

Independent properties typically lack access to enterprise-grade infrastructure, including automation, real-time pricing, and guest analytics. Kasa levels the playing field by delivering the same technological backbone that was previously available only to large chains or platforms like Airbnb.

Such performance demonstrates how technology-driven consistency can elevate guest satisfaction while driving higher profitability for property owners.

Growth Trajectory and Future Outlook

With annual booking revenue surpassing $100 million, Kasa has more than doubled its business in the past year. This latest $40 million round marks a pivotal moment, enabling the company to accelerate its presence in boutique hotels, expand further into new cities, and strengthen its reputation as a trusted partner in real estate partnerships.

Led by founder and CEO Roman Pedan, a former executive with experience at Goldman Sachs, Apollo, and Airbnb, Kasa reflects a blend of financial discipline and hospitality innovation. The company continues to reimagine the travel experience by prioritizing efficiency, scale, and technology.

“Kasa has a deep understanding of the challenges facing independent hoteliers,” said Shawn O’Neill, Managing Director at Silver Lake Waterman. “Every part of Kasa, from pricing to guest support, is built with their owners and guests in mind. Their technology-first platform delivers scalability, personalization, and operational excellence, without the capital intensity or rigidity of legacy brands.”

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