onefinestay, a London and New York-based luxury home hospitality business, closed $40m in Series D funding.
Backers included Intel Capital, Quadrant Capital Advisors, Hyatt Hotels, Joss Kent, Richard Chen, and Mark Dempster, Index Ventures and Canaan Partners.
The company intends to use the funds to enhance the offering for guests and homeowners, to grow its global presence; and invest in training and recruitment capabilities.
Led by Greg Marsh, co-founder and CEO, onefinestay is a hospitality business that offers guests the opportunity to experience handmade hospitality in fine homes across London, New York, Paris and Los Angeles prepared with pristine sheets, towels and toiletries. Guests also enjoy a personal welcome as well as an iPhone for local calls, data and round-the-clock guest services. Opened with six homes, it is now six times bigger than the combined inventory of The Ritz, The Plaza, Hotel George V and Hotel Bel-Air. The company, which currently employs more than 700 people, also appointed Tom Singer as chief financial officer, Nick Ruotolo as chief commercial officer and Petros Demetriades as chief technology officer,