10 years ago

Onefinestay Raises $40M From Intel Capital, Hyatt, and More

  • Onefinestay, a London-based startup that rents out private luxury homes, has raised $40 million in a Series D funding round

  • The company plans to use the funds to expand its business

  • Key investors in the round include Intel Capital, Quadrant Capital, Index Ventures, Canaan Partners, and Hyatt Hotels

  • This round brings Onefinestay's total funding to $80 million

  • The article also discusses how hotel companies are increasingly investing in home rental platforms, with Wyndham Hotels investing $12 million in Love Home Swap

  • The article concludes by stating that Airbnb may be leading a similar trend in the accommodation industry as played out in the sharing economy.

      • ProblemHospitality

      "Finding luxury accommodation in major cities can be difficult and expensive. Traditional hotels often lack the character and flexibility of private homes, while other home rental platforms lack the high-end amenities and personalized service that discerning travelers expect."

      Solution

      "Onefinestay provides a curated selection of luxury homes in major cities, offering the comfort and privacy of a private residence with the high-quality service and amenities typically found in luxury hotels. They vet both hosts and guests, ensuring a high-quality experience. Onefinestay also offers concierge services, smart-lock technology, and professional cleaning services, making it easy for guests to relax and enjoy their stay."

      Covered on