HotelTonight Raises $45 Million In Fourth Round Of Funding

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HotelTonight is a startup that has raised $45 million in funding.  HotelTonight helps users find a last-minute hotel for a reasonable price.  Every day at about 12PM, HotelTonight shows a selection of unsold rooms at steep discounts.

The company launched in 2011 and they are active in 120 destinations.  HotelTonight also works at 3,000 hotels and has 6 million users.

Coatue Management, a technology hedge fund, led this round of funding.  GGV Capital, Battery Ventures, Accel Partners, U.S. Venture Partners, and First Round Capital also participated in this round of funding.

[Source: VentureBeat]

[Source: VentureBeat]

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