About PriceLabs
PriceLabs is a revenue management and dynamic pricing platform tailored for the short-term rental and hospitality industry. Founded in 2014 and headquartered in Chicago, Illinois, the company offers a data-driven approach to pricing and revenue management, enabling hosts and property managers to optimize their income and occupancy rates. By analyzing market trends and occupancy levels, PriceLabs provides dynamic pricing, automation rules, and customizations to manage pricing and minimum-stay restrictions for portfolios of any size. Prices are automatically uploaded to preferred channels, streamlining the revenue management process.
Serving over 400,000 properties globally across 125+ countries, PriceLabs offers world-class tools like the Base Price Help and Minimum Stay Recommendation Engine. These tools assist users in making informed pricing decisions, adapting to changing market conditions, and maximizing revenue potential. The platform integrates with a growing list of channels and property management systems, making automated revenue management accessible with just a few clicks.
The company was founded by Richie Khandelwal, Anurag Verma, and Sana Hassan, who recognized the need for sophisticated pricing tools in the short-term rental market. Their mission is to democratize access to powerful revenue management solutions, empowering small businesses in the accommodation industry with tools that were historically available only to large companies. PriceLabs’ innovative approach has garnered recognition, including winning SaaSBoomi’s 2021 Bootstrapped Startup of the Year award.
In July 2022, PriceLabs secured a $30 million minority growth investment from Summit Partners, marking its first financing to date. This funding is intended to further develop its revenue management platform and expand its global team. The investment underscores the growing demand for data-driven pricing solutions in the short-term rental industry and PriceLabs’ commitment to innovation and growth.
With a remote-first work environment, PriceLabs fosters a diverse and global team, accommodating employees from different time zones and cultures. The company values diversity, equity, and inclusion, striving to create a welcoming and inclusive environment for all employees. This commitment is reflected in their efforts to recruit and retain a diverse workforce and promote a culture of respect and understanding among all employees.
