AvantStay, a Los Angeles, CA-based technology-first hospitality brand for group travel, raised $20m in Series A financing.
The round was led by 3L Capital, with participation from Bullpen Capital, Convivialite Ventures, F-Prime Capital, Zeno Ventures and Olympian Shaun White.
The company intends to use the funds to expand its portfolio of properties nationally, enhance its technology suite and scale its operations team.
Founded in 2017 by Sean Breuner and Reuben Doetsch, AvantStay provides short-term rentals for group travel, merging technology, design and operations to create experiences. The company leases high-end properties, boutique hotels and differentiated commercial spaces in some of the most sought-after destinations, converting them into high-performing short term rentals, with nearly 150 properties and more than 750 rooms across the U.S.
Its own technology suite includes Stay, a proprietary group booking platform; Butler, an integrated mobile-first concierge app; Compass, an in-home tablet and Voyage, an operational platform.
AvantStay also announced that its properties will soon be available for booking on Homes & Villas by Marriott International, a home rental platform that offers travelers access to luxury and premium homes in exceptional destinations. Each home available participates in Marriott Bonvoy, the company’s loyalty program, enabling members to earn and redeem points for stays at Marriott International’s more than 7,000 hotels and over 1,000 homes.
FinSMEs
18/09/2019