If you want to get away, renting a vacation home is sometimes a better option than a hotel or a resort. Evolve Vacation Rental Network does just that, giving travelers, homeowners and property managers a way to list and reserve vacation rentals without hassle. Last week, the Denver-based company closed a $2.7 million Series A round led by Robert Mylod.
Formerly, Mylod served as the Vice Chairman, CFO and Head of Worldwide Planning and Strategy at travel giant Priceline. Mylod will also be taking a seat on the Board of Directors, along with Evolve’s co-founders Brian Egan, CEO, and Adam Sherry, Chief Customer Officer.
“The vacation rental market is going through many of the same growing pains that the air, car rental and hotel markets faced over the past decade,” said Mylod in a statement. “I’m excited to work with Brian, Adam and their team at Evolve to create a game-changing service in the industry.”
According to Egan, vacation rentals are more popular than ever before. For him and his team, outside funding is a critical step in keeping up with and even anticipating their growing business.
Since launching from beta last year, Evolve has listed more than 1,000 properties, resulting in more than 25,000 nights booked through its site. As those numbers climb, the Evolve team plans to use this funding to grow its team, improve customer service and acquire more inventory.