Here are the full details of the funding announcement, including other next steps for the company
Onefinestay, a 6-year-old London company that is often billed as an upscale version of Airbnb, has raised $40 million in growth financing, bringing its total capital raised to more than $80 million.
Investors include Intel Capital, Quadrant Capital Advisors and, notably, hospitality brand Hyatt Hotels, as well as a number of angel investors and prior backers Index Ventures and Canaan Partners.
According to a press release, the fresh cash will go primarily to bolstering cleverly named Onefinestay’s offering for both guests and homeowners, and to support its expansion plans in existing and new international markets.
The company also announced a spade of executive announcements, rounding out its management team with a crew well-versed in e-commerce, the hospitality industry, ICT, and HR.
Sources: FT and Onefinestay
This post was originally published on Tech.eu