Total amount raised
$186 Millions
Latest funding date
01/01/2024
Location
AvantStay has successfully raised significant funding over multiple rounds, attracting a diverse group of investors including Alumni Ventures and Bullpen Capital. The company focuses on providing a variety of vacation rental properties, such as beach houses, ski resorts, and cabins, enhancing the travel experience for groups.
Keep reading to explore the intricacies of AvantStay's fundraising journey and the investors backing this innovative platform.
What Is AvantStay?
AvantStay, founded on September 1, 2017, is a technology-first hospitality brand based in Los Angeles, California. The company was established by Reuben Doetsch and Sean Breuner.
Specializing in experiential group travel, AvantStay offers a range of vacation rental properties, including beach houses, ski resorts, and cabins. The company employs between 501 and 1000 people, focusing on providing unique and comfortable accommodations for travelers.
How Much Funding Has AvantStay Raised?
- Funding Round: Seed Round
- Amount Raised: $1M
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to launch the platform and start operations.
- Funding Round: Seed Round
- Amount Raised: $5M
- Date: September 2018
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the property portfolio and enhance technology.
- Funding Round: Series A
- Amount Raised: $20M
- Date: September 2019
- Lead Investors: 3L Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and expansion, adding more homes and destinations.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the property listings and develop technology.
- Funding Round: Series B
- Amount Raised: $160M
- Date: December 2021
- Lead Investors: 3L Capital, Tarsadia Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth, expand into new markets, and enhance technology offerings.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the travel experience for groups.
Total Amount Raised: $186M
Current Valuation: Not publicly disclosed
Key Investors
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that provides smart, simple venture investing to accredited investors. They focus on building a diversified portfolio of high-growth companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that invests in post-seed stage companies. They focus on companies that have achieved product-market fit and are ready to scale.
- Investment Focus Areas: Technology, consumer products, enterprise software
- Notable Investments: FanDuel, Ipsy, Namely
- 3L Capital
- Details: 3L Capital is a multi-stage global growth equity firm that invests across tech-enabled consumer and enterprise businesses. They aim to support companies through various stages of growth.
- Investment Focus Areas: Technology, consumer, enterprise
- Notable Investments: Not publicly disclosed
- Tarsadia Investments
- Details: Tarsadia Investments is a Newport Beach-based family office with a multi-billion dollar permanent capital base. They focus on partnering with durable transformative companies for the long-term.
- Investment Focus Areas: Healthcare, technology, real estate
- Notable Investments: Not publicly disclosed
- Capital One Ventures
- Details: Capital One Ventures is the venture capital arm of Capital One. They invest in innovative companies that align with Capital One's strategic interests.
- Investment Focus Areas: Financial services, technology, data analytics
- Notable Investments: Not publicly disclosed
What's Next for AvantStay?
AvantStay is poised for significant growth, with opportunities to expand into new markets and enhance its technology offerings. The company plans to elevate the customer experience and launch brokerage services nationally, leveraging its current presence in over 100 cities and managing assets worth over $2 billion.
Future fundraising efforts are likely as AvantStay continues to attract investment interest, supporting its ambitious expansion and technological advancements. However, the company will need to navigate challenges such as market competition, maintaining service quality, and adapting to regulatory environments in different regions.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like AvantStay and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
