Evolve Vacation Rental Network, a U.S.-based vacation rental management company, has announced $80 million capital raise.
Evolve will use the net proceeds to support the company's triple-digit annual growth, enhance its core offerings, and further the development of its technology-enabled services platform.
The financing brings the company's total funding to $103 million.
The round was led by funds and accounts advised by U.S.-based private equity firm T. Rowe Price Associates. Growth-stage investors Winslow Capital Management, Foxhaven Asset Management, and Arrowmark Partners participated and were joined by existing investors Annox Capital, Allen & Company, and PAR Capital Ventures.