AvantStay, a Los Angeles, CA-based hospitality brand focused on group travel, secured $5m in funding.
The round was led by Bullpen Capital with participation from F-Prime Capital, Zeno Ventures, Convivialité Ventures, Abstract Ventures and Presidio Bay Ventures.
The company intends to use the funds to further invest in its operational technology infrastructure, expand to new markets and grow the number of properties under its control to more than 200 and over 1,000 rooms by the end of 2019.
Co-founded by Sean Breuner and Reuben Doetsch, AvantStay offers travel experiences by delivering real estate, tech, and premium properties designed for groups of all sizes. Each hand-selected property offers localized experiences to fit every group’s needs, from experiential in-home games to personalized recommendations.
Currently, the company maintains more than 60 vacation properties across seven U.S. markets, featuring more than 300 rooms in total. AvantStay also maintains a close relationship with Airbnb, collaborating on technology initiatives, policy updates and market demands.
FinSMEs
20/12/2018