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WhyHotel nabs $20M in funding - eyes expansion, business travel market

12/12/2019| 2:39:08 PM| 中文

WhyHotel CEO says business travel will bring a big opportunity for WhyHotel.

WhyHotel, a provider of luxury pop-up hotels, has landed more than $20 million in Series B funding.

The round was led by Harbert Growth Partners, with participation from Camber Creek, Highland Capital Partners, Working Lab Capital, Geolo Capital, Revolution’s Rise of the Rest Seed Fund and Mark Nunnelly, former managing director of Bain Capital Partners.

With the new funding, WhyHotel - named one of PhocusWire and Voyager HQ's Hot 25 Startups for 2020 - has raised more than $35 million over three rounds.

The Washington, D.C.-based brand claims to blur the line between hospitality and home by offering lodging and hotel-like service in newly built apartments during the lease-up phase.

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TAGS: WhyHotel | financing
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