Sonder (formerly know as Flatbook), a San Francisco, CA-based hospitality company, closed a $210m series D funding.
Backers in the round, which brought total capital raised to date to over $400m and valued Sonder at over $1 billion, included Fidelity, Valor Equity Partners, Gavin Baker’s Atreides Capital, ARod Corp, and Tao Capital Partners, and existing backers Spark Capital and Greenoaks Capital.
The company intends to use the funds to expand operations.
Co-founded by CEO Francis Davidson and Lucas Pellan in 2012, Sonder is a next-gen hospitality company with thousands of beautiful spaces built for travel and life in cities all over the world.
The company leases and owns hotel-style properties with spaces including a dining area, a living space extra bedrooms, and modern design and a phone or text concierge service. Every rental comes with beds, linens, towels, amenities and essentials, and feature art pieces and curated furniture.
Sonder currently manages over $2.3 billion of projects spanning commercially-zoned mixed-use, residential, serviced apartment, apart-hotel and hotel assets in such cities as San Francisco, San Antonio, San Diego, Savannah, Washington, DC, Austin, Boston, Chicago, Denver, Houston, London, Miami, Minneapolis, Montreal, Nashville, New Orleans, and New York, Rome.