PriceLabs, a leading provider of dynamic pricing and revenue management solutions for the short-term rental industry, today announced a $30 million minority growth investment from Summit Partners. This funding represents the first financing for the profitable business and will support PriceLabs' continued commitment to building leading revenue management solutions and fuel global team growth.

PriceLabs is a leading provider of innovative and easy-to-use dynamic pricing and revenue management solutions for the accommodation industry. PriceLabs provides a data-driven approach, automation rules, and customizations to manage pricing and stay restrictions that help the owners and managers of vacation rentals increase revenues with efficiency and ease. With over 70 integrations and a growing list of channels and property management systems, PriceLabs' automated revenue management solution is built to serve the needs of everyone from large property managers to single-property owners.