AvantStay, a Los Angeles, CA-based hospitality platform redefining the way in which people travel, transact, and invest in the STR (Short-Term Rental) industry, closed a $160m Series B funding round.
This round was co-led by Tarsadia Investments and 3L Capital with participation from existing investors such as Bullpen Capital, and Convivialite and new investors Capital One Ventures, strategic real-estate and prop-tech investors including Saluda Grade, Greenhawk, Stephen Pagliuca, Fred Tuomi, Jerry Coleman, Jay McKee, and celebrity investors including Plus Capital, Paul George, Shawn Mendes, and others.
The company intends to use the new capital for continued growth, including expansion into new markets, advanced technology offerings, elevated customer experience, and the national launch of its brokerage services.
Led by Sean Breuner, CEO and Founder, and Reuben Doetsch, CTO and Co-Founder, AvantStay is a hospitality platform using a proprietary tech platform to power bookings, operationalize in-field and remote management, and activate authentic and elevated consumer touch points. The company currently operates in over 100 cities, including 1,000+ premier properties across their diversified portfolio, and an AUM of more than $2B. In 2019, AvantStay currently offers distribution on more than 60 OTAs.
FinSMEs
16/12/2021