HotelTonight Raises $37M in Series E Funding

HotelTonight, a San Francisco, CA-based mobile app for last-minute hotel bookings up to seven days out, raised $37m in Series E funding.

The round was led by Accel with participation from new investors RSC Capital, Founder’s Circle and Aspect Ventures and existing investors Battery Ventures, US Venture Partners, GGV Capital, Coatue Management and First Round Capital.

The company intends to use the funds for working capital as it continues to expand its global presence and team.

Led by CEO and co-founder Sam Shank, HotelTonight is a mobile app for last-minute hotel bookings, available on iOS, Android and its mobile website. The company partners with more than 25,000 hotels in 1,700 cities and more than 30 countries.
In 2016, HotelTonight achieved profitability with more than $300 million in gross booking volume and over 100% year over year revenue growth.



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