Hospitality firm onefinestay has secured $40m in a Series D funding round, bringing the company’s capital raised to more than $80m to date.
The round included participation from investors including Intel Capital, Quadrant Capital Advisors, and leading global hospitality brand Hyatt Hotels, as well as a number of angel investors including Joss Kent, CEO of &Beyond and former global CEO of Abercrombie & Kent.
They were joined by Richard Chen, venture partner of Ceyuan Venture and CEO of Yifei Investment Holdings and Mark Dempster, former marketing partner at Sequoia Capital. Existing investors Index Ventures and Canaan Partners also participated in the round.
In addition the firm has also made a number of senior appointments with a new CFO, CCO, CTO, group VP people and general manager joining the group.
Greg Marsh, co-founder and CEO of onefinestay, said: “Over the past five years we’ve transformed the experience of upscale hospitality, creating a compelling new way to make yourself at home in the world’s greatest cities.”
This financing will support onefinestay in its ambition to create the ultimate experience of boutique hospitality through a series of service delivery, e-commerce and technology developments to enhance the company’s offering for guests and homeowners; initiatives to grow the company’s global presence; and investments in training and recruitment capabilities that are central to onefinestay as a people-led business.
It will also fuel the continued scaling up of operations in onefinestay’s existing markets as well as plans for international growth.