Stay Alfred Raises $47 Million for Serviced Rentals: Travel Startup Funding This Week
Photo Credit: One of the travel apartments managed and rented by Stay Alfred, a hospitality startup that announced a Series B fundraising. Stay Alfred
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Combined with earlier deals, Stay Alfred shows that a convergence in hospitality is upon us.
The total funding publicized this week was more than $58 million.
>>Stay Alfred, a short-term apartment rental startup, has raised $47 million in a Series B round.
Nine Four Ventures led the fundraising. The Spokane, Washington-based startup, founded seven years ago, has raised $62 million to date.
Stay Alfred has almost 2,000 travel apartments in 28 U.S. cities and says it has hosted nearly a half-million guests.
The company's 230 workers tackle the furnishing, cleaning, and customer service for each rental. The units typically reside together across multiple floors or a whole building in downtown, multi-unit structures that are usually owned by real-estate property developers.
Jordan Allen, CEO of St
