Kasa Raises $40 Million to Modernize Independent Hospitality with AI-Driven Operating System

Company Snapshot
Kasa is redefining the independent hospitality landscape with its AI-driven Operating System, a full-stack platform that brings hotel-grade performance and efficiency to boutique properties and multifamily owners. By merging technology with flexible operations, Kasa empowers property owners to unlock new revenue potential while maintaining consistent, guest-loved experiences across more than 45 U.S. markets.

Kasa Raises $40 Million to Modernize Independent Hospitality with AI-Driven Operating System

Silver Lake Waterman leads the $40M growth investment to scale Kasa’s AI-powered hospitality platform.

Intro
On August 19, 2025, San Francisco–based Kasa announced a $40 million growth investment led by Silver Lake Waterman. The funding will accelerate development of Kasa’s proprietary AI-powered hospitality Operating System, designed to enhance asset performance for property owners and deliver consistently high guest satisfaction. The round brings Kasa’s total funding to more than $110 million, following its Series C in 2023.

Founded in 2016, Kasa now operates over 85 properties across 45 U.S. markets and has surpassed $100 million in annual booking revenue. The company’s leadership team blends institutional real estate experience with consumer-tech expertise, positioning Kasa as a bridge between traditional hospitality and next-generation proptech.

What Kasa Does
Kasa transforms underutilized or independently operated lodging assets into professionally managed, tech-enabled accommodations. Its proprietary AI-driven Operating System automates pricing, guest services, and property operations, allowing owners to achieve higher returns with less overhead.

Key Offerings:

• AI-Driven Operating System: Automates revenue management, guest communications, and operational workflows.

• Guest Tech Tools: Digital booking, mobile check-in, and virtual front desk.

• Institutional Partnerships: Long-term collaborations with multifamily and hospitality owners.

• Measured Outcomes: Over $100 million in annual booking revenue and top TripAdvisor rankings in multiple cities.

Who It’s Best For
Kasa’s platform serves:

• Real estate owners and institutional partners seeking to optimize underperforming hospitality assets.

• Independent hoteliers needing a scalable tech backbone to improve margins.

• Asset managers aiming to expand or diversify portfolios without adding operational complexity.

Key Use Cases:

• Boosting occupancy and RevPAR.

• Automating guest support and front desk functions.

• Streamlining multi-property operations.

• Scaling boutique hotel portfolios efficiently.

Traction

• 85+ properties across 45+ U.S. markets

• $100M+ in annual booking revenue

• 35+ boutique hotels in 20+ markets

• Business doubled year-over-year

• Multiple top-ranked TripAdvisor properties

Investors

• Lead Investor: Silver Lake Waterman

• Other Notable Investors: Starwood Capital, Berkshire, Greystar, Prudential, FirstMark Capital, Ribbit Capital, and others

• Total Funding to Date: $110M+

Team / Founders

• Roman Pedan, Founder & CEO: Former KKR Real Estate Private Equity professional; founded Kasa while at Stanford GSB.

• Craig Minoff, Chief Product Officer & Head of Operations: Former Airbnb product leader.

• Mike Millas, CFO & Head of Corporate Development: Background in capital markets and real estate finance.

How to Get in Touch

• Website: kasa.com

• Press Contact: [email protected]

• Inquiries: Via contact or partnerships page on website

• Headquarters: San Francisco, California, USA

Similar Companies

• Sonder: Apartment-hotel hybrid units with centralized branding.

• Blueground: Corporate rental platform emphasizing flexible stays.

• Mint House: Tech-enabled lodging for business travelers.

• Lyric (acquired): Early pioneer in tech-driven hospitality spaces.