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HotelTonight
Online travel agency From Wikipedia, the free encyclopedia
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HotelTonight is a travel agency and metasearch engine. It serves for users to book last-minute lodging in the Americas, Europe, Japan and Australia.[1][2][3][4][5][6][7]
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History
HotelTonight was founded in December 2010 by Sam Shank, Jared Simon, and Chris Bailey.[8] It first launched in January 2011, in the US on the iPhone App Store.[9] The app later launched on Google Play in July 2011 and serves cities in Europe, Canada, Central America and South America.[10][11][12]
Fundraising
In May 2011, the company raised a $3.25 million Series A round from Battery Ventures, Accel Partners, and First Round Capital.[13] In November 2011, they raised $9 million from Accel Partners, Battery Ventures, and First Round Capital.[14] In June 2012, a Series C round from U.S. Venture Partners, Accel Partners, Battery Ventures, and First Round Capital raised another $23 million.[15] In September 2013, the company raised $45 million in a Series D round led by Coatue Management, bringing its total funding to $80.5 million.[16]
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Operations
In October 2014, HotelTonight expanded from same-day only bookings to allowing users to book rooms up to 7 days in advance.[17] In September 2018, they began allowing bookings through the website.[18]
In March 2019, HotelTonight was acquired by Airbnb for approximately $450 million in cash and stock.[19][20][21]
References
External links
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