Evolve Vacation Rental Network Expands To New Hub In Denver, Colorado
Evolve recently completed a successful $11 million funding round led by funds and accounts advised by T. Rowe Price Associates, Inc. This round brings the company’s total funding to $23 million. The company will consolidate from two locations and add 100 associates to its 160 member workforce, as it expands into Denver City Center in August.
“The new location gives us the opportunity to design a space that creates seamless communication and collaboration across all of our teams,” says Adam Sherry, Co-Founder & Chief Customer Officer of Evolve. “Investing in our team’s creativity and talent has been a huge key to our growth thus far. When we invest in creating a great employee lifestyle for them, they pay that investment back tenfold in the experience they deliver to our customers.”
“We couldn’t have achieved this level of success without our team,” says Brian Egan, Co-Founder & CEO of Evolve. “We wanted to give our people the best workspace possible, and we knew we couldn’t compromise on location. Being in the center of Denver gives our employees accessibility, amenities, and the ability to participate in a thriving downtown community, and we think it’s essential to their quality of life.”
Newmark Knight Frank, a leading global brokerage company, represented the fast-growing vacation rental management company. “Raising more than $10 million in one round is a benchmark achieved by only a handful of Denver-based startups each year,” NKF Managing Director Andrew Blaustein said. “Combined with the caliber of the investors involved, this funding marks a significant success for Evolve and is an indication of Colorado’s expanding and maturing technology ecosystem.”
According to Metro Denver, Evolve currently services more than 4,000 vacation rental properties in over 500 markets across North America, and is growing at triple-digit rates year-over-year. To keep up with the popularity of its service, the company is now investing in a new headquarters to house its expanding employee base.
“Evolve Vacation Rental Network’s selection of the center city to support its growth showcases Downtown Denver’s brand as one of the best places in the country to start and grow a business due to our strong culture of innovation, in-demand workforce and access to high quality amenities,” stated Tami Door, President & CEO, Downtown Denver Partnership. “We look forward to Evolve’s continued growth in Downtown Denver.”
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