Stay Open, a Los Angeles-based startup transforming unused commercial space into pod hotels and co-living properties, closed its $2m seed funding round.
The round was led by a European family office.
The company intends to use the funds to expand its technology, brand and operations platform to develop pod hotels and residences that will appeal to tech-forward and open-minded users.
Founded by Steve Shpilsky, Andrew Swerdloff and Alex Morrise, Stay Open is a collection of tech-first, design-forward pod hotels and co-living properties that encourage social connection and exploration. The brand will launch its first properties in San Diego and Los Angeles, beginning with a co-living beta site in Venice in early 2021 — with full service pod hotels and co-living residences to follow throughout the U.S. Pod hotel designs will vary at each location, ranging from a one-story commercial space in one city to a modern multi-story property with a rooftop bar and lounge in another. Each hotel will include at least 10 rooms with 4 to 8 private sleeping pods per room and approximately 10 private rooms featuring king and queen beds for those seeking more space. All properties will feature food and beverage amenities, common areas for work or play, high-end shared restrooms, complimentary WIFI and integration with a custom app that helps match guests and residents, and introduces authentic local experiences.
FinSMEs
29/10/2020