Domio, a New York-based technology-powered apartment-hotel brand, raised $100m in Series B equity and debt funding.
The round was led by GGV Capital in August 2019, with participation from additional investors Eldridge Industries, 3L Capital, Cain International, Tribeca Venture Partners, Softbank NY, Tenaya Capital and Upper90.
The lead debt investor was Upper90, a New York-based credit fund specializing in providing growth capital. In conjunction with the funding, Hans Tung, Managing Partner at GGV Capital, joined the Domio board.
The funds will be used for national and international expansion as well as talent recruitment.
Launched three years ago in August 2016 by Jay Roberts, CEO, Domio provides apartment-hotels in 12 U.S. markets. The company’s properties are located in trendy and prime downtown neighborhoods, configured as studios or multi-bedrooms, and offer amenities and services such as keyless entry, fully stocked kitchens, WiFi internet and 24/7 concierge and customer relations via text. Interiors offer a shoppable experience with custom-designed wallpaper, artworks, towels, linens, bedding and furniture.