December 20, 2018

AvantStay Secures $5M in Funding to Deliver Short-term Group Rental Experiences

Round will accelerate expansion of revolutionary hospitality brand’s property footprint, delivering more customized experience options for group travelers

LOS ANGELES–(BUSINESS WIRE)–AvantStay, a hospitality brand aimed at revolutionizing group travel, announced an additional $5 million round of funding led by Bullpen Capital. Other investors include F-Prime Capital, Zeno Ventures, and Convivialité Ventures, with continued participation from existing investors Abstract Ventures and Presidio Bay Ventures. The funding will fuel AvantStay’s growth, as the company extends its unique approach to the short-term rental market to more properties, while expanding its offering of integrated activities to provide groups with indelible experiences.

AvantStay empowers groups to have amazing travel experiences. By combining the authentic experiences millennials crave with the consistency and comfort of a hospitality company, AvantStay delivers differentiated real estate, best-in-class tech, and premium properties designed for groups of all sizes. Each hand-selected AvantStay property offers thoughtful, localized experiences to fit every group’s needs, from experiential in-home games to personalized recommendations. AvantStay relies on tech automation to communicate with guests, manage maintenance and cleaning, and deliver exceptional customer service.

Currently, AvantStay maintains more than 60 vacation properties across seven U.S. markets, featuring more than 300 rooms in total. AvantStay also maintains a close relationship with Airbnb, collaborating on technology initiatives, policy updates and market demands. The latest funding will help AvantStay further invest in its operational technology infrastructure, expand to new markets and grow the number of properties under its control to more than 200 and over 1,000 rooms by the end of 2019.

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