PropTech
Airbnb scoops up Gaest
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As the home-sharing company readies for its IPO, it acquires an online marketplace for renting out meeting space
Airbnb has acquired startup Gaest for an undisclosed sum, according to Business Insider. Gaest was founded in 2015 and is an online marketplace for renting out meeting spaces for a short period of time.
Be Smart: A popular new business line for co-working companies just got a little more crowded.
Worth Noting: The acquisition comes after Airbnb disclosed that it’s been profitable for the last two years. With a private valuation of about $31 billion, get ready for an IPO.
