As you may have noticed, we’ve been talking about our New York City launch rather a lot lately (well, it’s pretty exciting so can you really blame us?) We’ve even shown you some NYC homes. What we haven’t told you yet (we weren’t sure you could handle it all at one time) is our other juicy piece of news – we’ve raised $12 million in Series B funding led by leading global venture capital firm Canaan Partners.
So yes, the champagne corks are very much popping. Considering that two years ago, we hardly dared dream that owners of such wonderful homes would be so receptive to our concept, we’ve come an immensely long way. We’ve got hundreds of members in London, dozens already in New York, and have helped many thousands of guests live like locals.
We’re also pleased to have attracted the continued support of top investors, with Warren Lee from Canaan Partners joining the board. He’s a thought leader on the rapidly evolving media landscape and a leading digital media investor, and will add yet more wisdom and insight to the table. Canaan Partners has catalysed the growth of technology startups like DoubleClick and match.com, as well as notable healthcare companies, so we’re excited to welcome this impressive bunch as investors to onefinestay.
This Series B funding brings our total capital raised to date to $16 million, and will be used to support the New York launch and other international expansion plans. A great achievement for the company, if we dare say so ourselves, so if you’re interested in how we did it you can take a peek at Greg’s top tips for raising money.