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Private Equity
BUSINESS PRODUCTS & SERVICES
jpmorgansecurities.com

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Investments

3

Portfolio Exits

1

Partners & Customers

5

Service Providers

1

About J.P. Morgan Securities

The firm's securities' services include debt and equity underwriting, advice on mergers and acquisitions and restructuring, securities dealing and brokerage, and trade execution services. It is the primary nonbank subsidiary of JPMorgan Chase. In 2008 JPMorgan Chase acquired stricken Bear Stearns, historically one of the world's leading investment banks but one of the early victims of the global financial crisis. Its operations were merged with J.P. Morgan Securities, the bank's largest nonbanking subsidiary.

J.P. Morgan Securities Headquarters Location

277 Park Avenue

New York, New York, 10017,

United States

(212)272-2000

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J.P. Morgan Securities Web Traffic

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Page Views per User (PVPU)
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J.P. Morgan Securities Rank

Latest J.P. Morgan Securities News

Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals

Aug 16, 2022

Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals August 16, 2022 Guesty announced today that it has raised $170 million in a Series E funding round led by Apax Digital Funds , MSD Partners , and Sixth Street Growth . According to the company’s press release, the round will accelerate Guesty’s international business growth for its property management software platform, fuel continued expansion into new verticals, and “enhance its industry-leading property management technology and platform to meet the evolving needs of every type of hospitality operator.” This round brings Guesty’s total funding to over $285 million. Existing investors, Viola Growth and Flashpoint, also participated in the round. The announcement states, “The Series E capital will be used to scale the company’s global operations to meet increasing demand, pioneer new solutions that support the growing needs of hospitality operators, secure key acquisitions, and expand into new business verticals to solidify Guesty’s position as the industry’s gold-standard property management platform.” “Despite an exceptionally challenging fundraising climate, the funding Guesty has raised is a vote of confidence in the travel and short-term rental ecosystem, and an endorsement of our pioneering technology and position as the market leaders of the hospitality and property management software sector,” said Guesty’s cofounder & CEO, Amiad Soto. “As alternative accommodations surge in popularity, Guesty has come out a clear winner thanks to our commitment to prioritizing innovation and ability to help our customers become more successful. We thank our existing partners Apax – who are increasing their commitment to Guesty – and are excited to welcome aboard MSD Partners and Sixth Street, whose strong track records in our ecosystem make them ideal long-term partners. As we continue to expand globally and grow our market leadership, we look forward to providing hospitality managers with even more value in the coming months and years.” Since the onset of the pandemic in early 2020, the short-term rental (STR) industry has grown exponentially, with travelers spending more than $200 billion on STR accommodations in 2021 alone. As the ways consumers choose to live, work, socialize and travel continue to shift, the lines between traditional hotels and rental accommodations have blurred. This trend has accelerated the need for versatile hospitality management technology as operators across the board adapt to new and elevated guest expectations. Guesty’s platform equips hospitality providers of all sizes and accommodation types with an all-in-one platform to optimize and scale operations, manage and distribute inventory – along with the tools, data-driven insights and enhanced services to effectively respond to these market trends and empower them to succeed. Customers use Guesty to centralize their reservations across all major booking channels, including Airbnb, Vrbo, Expedia and Booking.com. The platform automates and expedites guest communications, reviews, cleaning and other operational tasks, while also facilitating direct bookings, resource and revenue management, smooth payments systems, accounting and damage protection. With its large marketplace of third-party integration partners and its open API capabilities, the platform adapts to specific business and operational requirements, providing comprehensive and bespoke solutions that serve as a one-stop-shop covering all property management needs. “As alternative property management operations become more complex, Guesty is paving the way for the next generation of digital hospitality services,” said Dave Evans, Partner at Apax Digital. “Their track record of success and innovation, along with their platform’s growing suite of tools and intuitive user experience has Guesty positioned to define and consolidate its category, working with hosting businesses of all sizes. We are excited to continue partnering with the company as it continues to transform the industry.” “In a largely specialized and localized industry, there is a huge opportunity to bring a global standard of service and excellence to hospitality operators of all shapes and sizes,” said Dan Bitar, Managing Director and co-Head of MSD Growth. “Guesty’s robust product offerings, strong R&D team, and proven ability to scale the business across geographies make it the ideal platform to consolidate the currently fragmented market.” “The tech-enabled real estate ecosystem continues to grow and mature, and we look forward to joining Guesty on its journey to democratize and further professionalize the property management space,” said Michael McGinn, Partner and Co-Head of Sixth Street Growth. “With Guesty’s strong management team, long-term vision, product innovation, and marquee customers and partners, we have full confidence in the company’s ability to further cement its leadership in the world of hospitality and property management.” The latest funding round tripled its valuation as Guesty doubled its revenues since its last raise. In 2021 and 2022, Guesty launched numerous new products, services and technology partnerships as part of its core platform – including advanced accounting tools, damage protection offerings and payment solutions tailored for property management of short-term rentals. The company’s sustained growth has it positioned to reach $100 million in revenues within the next year. Guesty previously acquired property management platform companies MyVR and YourPorter and plans further acquisitions in the near future. J.P. Morgan Securities LLC acted as sole placement agent on the transaction.

J.P. Morgan Securities Investments

3 Investments

J.P. Morgan Securities has made 3 investments. Their latest investment was in Menlo Security as part of their Series E on November 11, 2020.

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J.P. Morgan Securities Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/12/2020

Series E

Menlo Security

$100M

Yes

45

8/24/2020

PIPE

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$99M

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10

7/7/2020

PIPE - II

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$99M

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10

Date

11/12/2020

8/24/2020

7/7/2020

Round

Series E

PIPE

PIPE - II

Company

Menlo Security

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Amount

$100M

$99M

$99M

New?

Yes

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Co-Investors

Sources

45

10

10

J.P. Morgan Securities Portfolio Exits

1 Portfolio Exit

J.P. Morgan Securities has 1 portfolio exit. Their latest portfolio exit was Red Funnel on June 30, 2004.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/30/2004

Leveraged Buyout - II

$99M

Undisclosed Investors, and Halifax Bank of Scotland

Date

6/30/2004

Exit

Leveraged Buyout - II

Companies

Valuation

$99M

Acquirer

Undisclosed Investors, and Halifax Bank of Scotland

Sources

J.P. Morgan Securities Acquisitions

1 Acquisition

J.P. Morgan Securities acquired 1 company. Their latest acquisition was Red Funnel on December 31, 2001.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/31/2001

$99M

Leveraged Buyout

1

Date

12/31/2001

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Leveraged Buyout

Sources

1

J.P. Morgan Securities Partners & Customers

5 Partners and customers

J.P. Morgan Securities has 5 strategic partners and customers. J.P. Morgan Securities recently partnered with Techstars on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/18/2022

Partner

United States

Techstars and J.P. Morgan Launch Fourth Founder Catalyst Program in Oakland, CA.

The previous three Techstars in partnership with J.P. Morgan have led to nearly one thousand mentor connections , four product launches , more than eight hundred fifty thousand dollars raised , and dozens of active investor conversations .

1

6/2/2022

Partner

Colombia

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10

4/5/2022

Partner

United States

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10

1/18/2022

Partner

United States

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10

11/7/2021

Partner

Canada

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10

Date

7/18/2022

6/2/2022

4/5/2022

1/18/2022

11/7/2021

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

Colombia

United States

United States

Canada

News Snippet

Techstars and J.P. Morgan Launch Fourth Founder Catalyst Program in Oakland, CA.

The previous three Techstars in partnership with J.P. Morgan have led to nearly one thousand mentor connections , four product launches , more than eight hundred fifty thousand dollars raised , and dozens of active investor conversations .

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Sources

1

10

10

10

10

J.P. Morgan Securities Service Providers

1 Service Provider

J.P. Morgan Securities has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

J.P. Morgan Securities Team

7 Team Members

J.P. Morgan Securities has 7 team members, including former Chief Executive Officer, James E Staley.

Name

Work History

Title

Status

James E Staley

Chief Executive Officer

Former

Thaddeus Beczak

President

Former

Felix Davidson

Managing Director

Former

Louis DeCaro

Managing Director

Former

Ruth Dreessen

Managing Director

Former

Name

James E Staley

Thaddeus Beczak

Felix Davidson

Louis DeCaro

Ruth Dreessen

Work History

Title

Chief Executive Officer

President

Managing Director

Managing Director

Managing Director

Status

Former

Former

Former

Former

Former

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