Chengjia Raises $300 Million for Short-Term Rentals: Travel Startup Funding This Week
Photo Credit: A two-bedroom "aparthotel" from Citadines in Xi'an, China. Citadines Aparthotel is one of the brands of Chengjia, a company that raised $300 million in Series B investment this week. Citadines Aparthotel Aparthotel
Skift Take
This week, travel startups announced more than $433 million in funding. Companies included Chengjia, Holidu, AvantStay, WanderJaunt, Lavanda, Kambr, Amenitiz, and Beekeeper.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week, travel startups announced more than $433 million in funding.
Earlier this week, we reported that Beekeeper, an operational communications platform for hourly, non-desk workers, had raised $45 million in a Series B round.
Thayer Ventures and Swisscanto, an asset manager that invested via its growth equity fund, co-led the Series B round. The Zurich-based startup has now raised $71 million to date.
>>Chengjia, whose eight brands offer hotel-style, short-term rentals of apartments, stays in hotels, and related hospitality services, has raised $300 million in a Series A funding round.
Boyu Capital led the round. Other investors included Yunfeng Capital, Ascott, and CCB International, which is the investment banking arm of China Construction Bank. Chengjia had received financing of about $52 million before this raise.
The company, founded in 2015 by China Living Hotel Group and IDG Capital, manages about 100 properties with approximately 20,000 apartment unit
