• General
  • August 24, 2018
  • 3 minutes read

Hospitality startup Sonder nabs $85 million Series C funding

Sonder, A rapidly growing 6 year old hospitality startup notable for its Airbnb like and innovative residence offerings has now…

Sonder, A rapidly growing 6 year old hospitality startup notable for its Airbnb like and innovative residence offerings has now been revealed to have closed $85 million in a Series C round as per a Forbes exclusive piece bringing the total raised by the SF headquartered and quit low key firm to $135 million.

This round was led by Greenoaks Capital with participation from Spark Capital, Greylock,  Harbourvest and Structure Capital.

Since its inception, Sonder has made good efforts in building a vacation rental network for users with an amassed portfolio of $1.3 Billion as of current and a $100 million revenue run rate.


Sonder currently operates across 11 cities consisting of Miami, New York, San Francisco, New Orleans, Rome, San Diego, Boston, Chicago, London, Los Angeles and Montreal and has already hosted more than 200,000 guests in total.

Initially beginning at Montreal’s McGill University where its co-founder and current CEO Francis Davidson convinced fellow students to sign leases for apartments which were turned into tourist rentals, Sonder’s main business debuted 2 years later after a trip to San Francisco by both Founders, Davidson and Lucas Pellan with an aim to offer locations as reliable as hotels but with the warmth and comfort of homes.

The company has grown since then to a high level with thousands of spaces across its operating cities and well over 300 employees.

“Given that there was such a movement from traditional hospitality to alternative hospitality, we saw that there would be an opportunity at a really massive scale to provide a customer experience that essentially resolves the two problems of consistency for the sharing economy and authenticity and uniqueness that is lacked in the traditional hotel model,” says Davidson in a statement to Forbes.


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