# Evolve Vacation Rental Network

Evolve Vacation Rental Network is an other based in Denver, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** Denver, CO, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** evolvevacationrental.com
- **LinkedIn:** https://www.linkedin.com/company/evolve-vacation-rental-network

## Regulatory record

- **Reports private funds:** No

## About

Evolve was founded in 2010 by Dave Gilmore and Seth Geller, originally as a vacation rental marketplace. The company later pivoted to a full-service property management model, focusing on standardizing operations for second-home owners. By 2025, Evolve managed over 35,000 properties, primarily in leisure destinations. Evolve's strategy combines centralized technology — dynamic pricing, automated guest communication, and professional photography — with a distributed network of local vendors for cleaning and maintenance. The firm targets the mid-tier vacation rental segment, avoiding ultra-luxury and short-term urban stays. Known investors include T. Rowe Price, FirstMark Capital, and funds advised by Oaktree Capital Management (per company announcements). The company employs roughly 1,500 people, largely in its Denver headquarters with additional operational hubs. In November 2023, Evolve raised $250 million in a growth equity round, valuing the firm at over $2.5 billion (per the company). That round was led by SoftBank Vision Fund 2 and included existing backers (per public reports). Evolve's structural differentiator is its asset-light, tech-first model — it owns no real estate, instead contracting with homeowners at scale. This hybrid approach combines operational management with a proprietary platform, positioning the firm more as a technology company than a traditional property manager.

## Sectors

- Real Estate
- PropTech
- Hospitality & Travel

## People

- Brian Egan — Chief Executive Officer
- Dave Gilmore — Co-Founder
- Seth Geller — Co-Founder

## Questions

### Who leads investment decisions at Evolve?

Brian Egan serves as Chief Executive Officer and oversees strategic direction. The company is private and backed by institutional investors including T. Rowe Price, FirstMark Capital, Oaktree Capital, and SoftBank Vision Fund 2 (per public filings).

### How does Evolve source its property inventory?

Evolve contracts directly with individual homeowners, offering a full-service management model that includes listing optimization, dynamic pricing, guest screening, and 24/7 support. The company does not own the properties it manages.

### What investment stages does Evolve target?

Evolve is not an investment firm; it is an operating company. It raises capital via private growth-equity rounds from venture and institutional investors.

### Which sectors does Evolve focus on?

Evolve operates exclusively in the vacation rental management sector, with a technology-enabled platform covering real estate, hospitality, and proptech. It does not invest outside this vertical.

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Last updated: 2026-06-03T20:00:00.000Z

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