HotelTonight

others

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 01/05/2020

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About

Part of the Airbnb family, HotelTonight is a hotel-booking service focused on making last-minute trips easy and fun, offering travelers seamless, on-demand booking for boutique and independent hotels. Through features such as Daily Drop, personalized daily hotel deals, HotelTonight uses innovation to enable travelers to plan less and live more, while providing hotels new ways to sell inventory. Launched in 2011, HotelTonight is available on iOS, Android, and at hoteltonight.com.

MEDICI Analysis

HotelTonight provides a mobile-based platform for business travelers, leisure travelers, and individuals to booking a hotel room at the last-minute.

Focus

PRODUCTS & SERVICES

Mobile-based platform for find and reserve a hotel room on the same day.

MAIN CLIENTS

Retail Travellers

EXISTING PARTNERSHIPS

The company has more than 25,000 hotels partners.

Traction

VALUATION / MARKET CAP:

$462.5 M in 2017

TRACTION COMMENT:

In 2016, HotelTonight achieved profitability with more than $300 million in gross booking volume and over 100% year-over-year revenue growth.

People

FOUNDERS

Jared Simon

Christopher Bailey

Sam Shank

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Accel Partners

Aspect Ventures

Barry Sternlicht

Battery Ventures

Brad Gerstner

Coatue Management

Erik Blachford

First Round

Founder Collective

Founders Circle Capital

GGV capital

Hugh Crean

Rich Barton

RSC Capital

SV Angel

KEY EMPLOYEES:

Sam Shank (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$35.69 M

DATE OF LAST FUNDING

Mar 2017

TOTAL FUNDING COMMENT

The company is planning to use the fund to expand its global presence and team size.

FUNDING SERIES

SERIES A  · $3.59 M  · May 2011

SERIES B  · $9.1 M  · Nov 2011

SERIES C  · $23 M  · Jun 2012

LISTED

NO

COMMENT

Series D: $45 million (Sep. 2013) and Series E: $37 million (March 2017) An undisclosed fund raised in Jan 2014.

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