HotelTonight Raises $85M in Series D
HotelTonight has successfully raised $85M in a Series D at a $463M valuation led by Accel Partners, Battery Ventures.
Company Overview
HotelTonight is a Travel company headquartered in San Francisco, CA, founded in 2010 with 150+ employees.
Last-minute hotel booking app
Fundraising Details
- Amount Raised: $85M
- Round Type: Series D
- Valuation: $463M
- Date: 2024-02-23
- Investors: Accel Partners, Battery Ventures
About HotelTonight
Last-minute hotel booking app The company is positioned in the Travel sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2010
- Team Size: 150+
- Industry: Travel
What This Means
This funding round demonstrates strong investor confidence in HotelTonight's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Travel sector continues to attract significant investment as companies innovate to meet evolving market demands. HotelTonight's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $463M valuation marks an important milestone for HotelTonight, positioning the company among notable players in the Travel industry.
Looking Ahead
With this new capital, HotelTonight is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-02-23. For more information about HotelTonight, visit their headquarters at San Francisco, CA.
