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.