Home > > Apartment rental startup Frontdesk secures $6.8M in funding

Apartment rental startup Frontdesk secures $6.8M in funding

04/29/2020| 11:30:37 AM| 中文

A third of its guests are business travelers, and the company plans to focus on expanding that share this year.

Short-term apartment-style accommodation company Frontdesk has secured USD 6.8 million in Series A funding, which is a combination of debt and equity, the company announced. 

Founded in 2017, Frontdesk currently operates in 28 cities and has more than 500 fully serviced apartment suites. About a third of its guests are business travelers, according to a company spokesperson, and the company plans to focus on expanding that share this year.

Frontdesk recently laid off 35 of its 241 employees because of the effects of Covid-19.

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TAGS: Frontdesk | short-term rental | apartment
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