West Hollywood, California-based AvantStay, a hospitality company that facilitates group travel, has raised $5 million led by Bullpen Capital. F-Prime Capital, Zeno Ventures, Convivialité Ventures also participated in this round along with existing investors Abstract Ventures and Presidio Bay Ventures.
With this round of funding, it will fuel AvantStay’s approach to the short-term rental market to more properties and expand its offerings of integrated activities for travel groups. And AvantStay is going to further invest in its operational technology infrastructure and expand into new markets. Plus it will grow the number of properties under its control to more than 200 and over 1,000 rooms by the end of next year.
Through AvantStay, travel groups are able to set up memorable experiences combined with comfortable places to stay. And AvantStay’s partners offer premium properties that are designed for groups of all sizes.
“The evolution of the private travel accommodation space is driving the future of the hospitality industry,” said AvantStay co-founder and CEO Sean Breuner. “AvantStay is setting a new standard for short-term rental brands by mixing technology and traditional hospitality with a millennial flair to empower groups to have amazing experiences, from quickly booking a hotel-grade property in just a few clicks to enjoying all of the in-home activities that make each experience special.”
Founded by Breuner and Reuben Doetsch, AvantStay utilizes tech automation to communicate with guests and manage maintenance and cleaning. And AvantStay currently maintains over 60 vacation properties across seven U.S. markets, which features 300 rooms in total. Plus AvantStay has a close relationship with Airbnb.
Trending on Pulse 2.0
- Report: Bain Capital Is Setting Up A $1 Billion Tech Opportunities Fund
- Gympass Raises $300 Million At A Valuation Of More Than $1 Billion
- Symphony: This $1.4 Billion Company Is Ramping Up To Become A Fintech Juggernaut
- Testim: This AI-Based Software Testing Startup Has Grown 700% In Under Two Years
- Walmart Revamps E-Commerce Strategy And Offers 'Delivery Unlimited' For $98 Per Year