Hospitality startup Selina raised $100m in Series C financing.
The round, which brought total funding raised to date to $225m, was led by Access Industries, with participation from Grupo Wiese and existing investors Colony Latam Partners.
The company intends to use the funds to:
– invest in its technology innovation team in Tel Aviv,
– enhance the complete booking and user experience for travelers, and
– continue to expand into new markets across the globe.
Launched in 2015, Selina has rapidly expanded across the globe and currently operates 46 locations in 13 countries, with over 22,000 beds open or under conversion. Combining private and shared accommodation with coworking facilities, food and beverage offerings, wellness, retail and local experiences, the design and tech-centric brand is aiming to have 130,000 beds and over 400 properties by 2023, as it builds a foundation for the growing digital nomad and remote work categories.
Founded in 2015 by CEO Rafael Museri, Selina is an hospitality brand combining beautifully-designed accommodation with coworking, recreation, wellness, and local experiences. Custom built for today’s nomadic traveler, the company provides guests with a global infrastructure to travel and work abroad.
Each property is designed in partnership with local artists, creators and tastemakers.
Selina currently operates 46 locations throughout Latin America and Europe with plans to expand across Europe and the United States, targeting over 400 locations and 130,000 beds by 2023. 2019 will see the company open an additional 35 properties in the U.S., U.K., Germany, Portugal, Greece, Israel, Argentina, Brazil and Mexico, in tandem with expansion into new European and Latin American markets and an entrance in Asia by 2020.
Selina is based in Casco Antiguo, Panama City, Panama.