Life House Raises $30 Million for Next-Gen Hotel Management: Travel Startup Funding This Week
Photo Credit: A view of a guest room at the Life House Hotel in the Lower Highlands district of Denver, Colorado. The company has received additional venture capital funding. Life House
Skift Take
A few startups receiving funding this week deserve props for trying to shake up travel. Life House is targeting a brand gap left by major hotel groups in some markets. ByHours raised funding for letting guests book stays of as little as three hours at partner hotels. Stasher offers a network of rentable storage spaces for travelers' bags.
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 $45 million in funding.
On Monday, Lufthansa Group said it had made a minority investment in TripActions, the corporate travel management service. The German airline group invested via its digital business unit, Lufthansa Innovation Hub.
The airline is TripActions' first strategic investor. The round closes TripActions' Series D funding, with more than $250 million raised at a valuation of $4 billion. See more on the TripActions-Lufthansa strategic partnership, here.
>>Life House, a hotel startup, has closed a $30 million round of Series B funding.
Thayer Ventures, a firm that invests in early-stage travel sector startups, led the round. The startup has raised $40 million in venture capital equity to date. Real estate owners have, through a few real estate capital funds, committed about $200 million to invest in building properties with an intention of hiring Life House as the branded management company to run the hotels.
