Domio Raises $50 Million for Apartment-Style Hotels: Travel Startup Funding This Week
Photo Credit: Shown here is an interior unit at Domio Downtown Miami, a collection of apartments furnished, managed, and rented out by Domio. The hospitality brand disclosed this week that it has raised $50 million in Series B equity funding. Domio
Skift Take
This week, travel startups, including TravelFlan, Beachy, HalalBooking, and GuruWalk, announced more than $63 million in funding. Most notably, Domio disclosed a $50 million Series B round, underscoring the ongoing growth in the short-term rental of apartments with hotel-style services.
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 $63 million in funding.
>>Domio, an apartment hotel company, has disclosed that in August it closed a $50 million Series B round of venture equity funding.
GGV Capital led the round. Eldridge Industries, 3L Capital, Tribeca Venture Partners, SoftBank New York, and Tenaya Capital participated.
In September, we shared that credit fund Upper90 had led a separate $50 million of debt funding.
Domio runs short-term rentals that offer hotel-style amenities. It does this by leasing and operating units in buildings. Peer companies include Sonder and Lyric Hospitality. The brands aim to popularize professionally managed rental alternatives to generic hotel rooms.
In 2018, Domio said it had raised $12 million in a Series A funding round led by Tribeca Venture Partners. Earlier, it raised about $5 million in equity and convertible debt financing.
The startup, co-founde
