附近上门

Today, short-term rental provider announced it has secured $210 million in a Series D that values the company at more than $1 billion.

Subscribe to the 附近上门 Daily

The San Francisco-based hospitality startup said it鈥檚 planning to increase that Series D to $225 million over the coming weeks, with additional capital 鈥渇rom select developers who are partnering with Sonder on new deals in cities all over the world.鈥�

Sonder has been compared to Airbnb but it maintains a few distinctions. For one, it appears to be focused on higher-end properties.

Sonder is also developing into somewhat of a real estate play since it is working more with developers to build new units, and furnish them with the sole purpose of being rentals. Via email, a spokesperson said: “Sonder has a variety of building-types, from ground-up construction to adaptive reuse of historic properties and everything in between.” 聽The company also offers text-enabled around-the-clock concierge service, and confirms that while it doesn鈥檛 own any of its units, all of them 鈥渁re directly leased and managed by鈥� Sonder. It focuses on leasing large groups of units at various properties. Customers can book via Sonder’s site or through online travel agencies such as Expedia or Airbnb.

Founded just five years ago, Sonder has been growing rapidly. Via email, the company said it tripled its number of signed units to 8,500 spaces in over 20 cities around the world such as London, Rome and San Francisco. It鈥檚 currently projecting a $400 million revenue run rate by year鈥檚 end, which it says is 鈥渇our times that of last year.鈥� It鈥檚 also raised $345 million in funding (soon to be $360 million), according to its 附近上门 . led Its latest capital infusion, which also included participation from , and others.

Twenty-somethings and co-founded the company after successfully casually renting out spare apartments used by university classmates to tourists in Toronto, according to .

The real impetus for creating the company in 2014 was born out of an unpleasant apartment rental in San Francisco. According to its , 鈥渢he apartment didn鈥檛 look like it was ready for visitors. There was half-eaten food in the fridge and dog hair blanketing the furniture.鈥� Their goal was, and continues to be, to provide a place with the reliability of a hotel but 鈥渨ith all the warmth and character of a home.鈥�

Illustration: .