TurnKey Vacation Rentals's $48 million financing tops recent funding news in Austin

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Austin-based travel company TurnKey Vacation Rentals has secured $48 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 23 and led by Altos Ventures.

According to its Crunchbase profile, "TurnKey Vacation Rentals, Inc. markets and manages premier vacation rental homes in top U.S. destinations. We’re a passionate team of travel enthusiasts devoted to creating the extraordinary experiences that only vacation homes can offer. Our dedicated in-market experts and proprietary technologies ensure each TurnKey property is unmatched in quality and value, offering homeowners and their guests the consistent, high-end experience of a fine hotel while retaining the unique benefits and authenticity of a vacation rental home."

The seven-year-old company has raised six previous funding rounds, including a $31 million Series D round in 2018.

Over the past year, nine Austin-based community and lifestyle companies have secured venture funding, totaling $58 million in new investment to the local industry.

In other local funding news, consulting company Synthetik Applied Technologies announced a $999,937 grant on July 16, financed by U.S. Department of Homeland Security.

According to Crunchbase, "Service Areas: 01 Artificial Intelligence. Synthetik is uniquely skilled and experienced in the development, training and effective implementation of AI applications. We work with commercial clients and U.S. government agencies to provide computer vision and machine learning expertise, including large-scale synthetic data generation."

Founded in 2017, the company has raised four previous rounds, including a $119,990 grant in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.