AvantStay Secures $5M in Funding to Deliver Short-term Group Rental Experiences
LOS ANGELES--(BUSINESS WIRE)--Dec 20, 2018--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.
“The evolution of the private travel accommodation space is driving the future of the hospitality industry,” said Sean Breuner, co-founder and CEO, AvantStay. “AvantStay is setting a new standard for short-term rental brands by mixing technology and traditional hospitality with a millennial flair to empower groups to have amazing experiences, from quickly booking a hotel-grade property in just a few clicks to enjoying all of the in-home activities that make each experience special.”
About AvantStay AvantStay delivers exceptional, unique stays for group travelers. The company has built a tech-enabled millennial hospitality brand to be the new standard for group experience.
Unlike typical short-term rentals, AvantStay controls the entire guest experience. This allows the company to ensure the quality of a guest’s stay will be consistent across all homes and to deliver hotel-level comfort in an authentic differentiated setting.
AvantStay co-founders Sean Breuner and Reuben Doetsch bring together diverse expertise as serial entrepreneurs in real estate, hospitality, and technology.
For more information on AvantStay, or to discuss partnership opportunities, or to join our team, contact us at https://avantstay.com/contact.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005458/en/
CONTACT: Reuben Doetsch
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY TECHNOLOGY FINANCE LODGING PROFESSIONAL SERVICES TRAVEL VACATION SOFTWARE MOBILE/WIRELESS INTERNET
Copyright Business Wire 2018.
PUB: 12/20/2018 09:47 AM/DISC: 12/20/2018 09:48 AM