Host Compliance, LLC
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Host Compliance, LLC - overview
Established
2015
Location
Seattle, WA, US
Primary Industry
Software
About
Host Compliance, LLC specializes in providing local governments with advanced technology solutions for managing and regulating short-term rentals through its core product, facilitating compliance and enhancing community engagement. Founded in 2015 and headquartered in Seattle, US, Host Compliance, LLC offers services that streamline the management of short-term rentals (STRs). The company was acquired by Granicus, Inc. in November 2019, although specific financial terms were undisclosed.
Ulrik Binzer serves as both the founder and CEO, indicating a continuity of leadership since inception. Host Compliance is a part of Granicus's comprehensive suite aimed at improving the management of short-term rentals. It employs artificial intelligence and machine learning to automate the identification of properties listed on over 70 platforms, including Airbnb and VRBO. This service helps local governments track property listings, educate hosts on compliance, and enforce regulations, addressing concerns regarding community safety, noise, and housing affordability.
The service also aids in revenue collection from permits and taxes associated with STRs, supporting municipal initiatives across various regions including the US, Canada, the UK, Australia, New Zealand, and parts of Latin America and the Caribbean. Granicus generates revenue through subscription models for the Host Compliance service, where clients from local governments pay for access to compliance and regulatory tools. These subscriptions cover features like automated monitoring and tax collection, with a structure that caters to the diverse needs of municipalities, thereby avoiding additional staffing costs. The primary customer base consists of local government entities, focusing on maximizing revenue recovery from the STR sector.
Following its acquisition in November 2019, Granicus aims to expand its product offerings and enter new markets with Host Compliance. Plans are in place to enhance existing tools and develop new products, although specific release dates are not disclosed. The company is targeting expansion into additional regions, particularly across North America and Europe, to broaden its market presence. Funding from the acquisition will be utilized to support these growth initiatives, enhancing product capabilities and market outreach.
Current Investors
Granicus, LLC
Primary Industry
Software
Sub Industries
Consulting Services, Government, Analytics & Performance Software, Systems Management Software, Information Services
Website
www.hostcompliance.com
Verticals
Big Data, Cloud Computing, Real Estate Tech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Host Compliance, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Host Compliance, LLC | - |
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