What is HotelTonight?
HotelTonight operates a distinctive mobile application designed to connect users with discounted hotel rooms available for immediate booking. The service caters to spontaneous travelers and also assists partner hotels in filling un-utilized inventory. By leveraging technology to optimize occupancy rates, HotelTonight provides a valuable service to both consumers seeking affordable accommodations and hoteliers managing their room availability. The company's focus on last-minute deals has carved out a unique niche within the competitive online travel agency market.
How much funding has HotelTonight raised?
HotelTonight has raised a total of $129.4M across 7 funding rounds:
Multiple Rounds
$24.3M
Series C
$23M
Series D
$45M
Series E
$37M
Private Equity (2011): $3M, investors not publicly disclosed
Series A (2011): $3.6M led by Battery Ventures, First Round Capital, Glassdoor, Founder Collective, Accel, Brad Gerstner, SV Angel, and Hugh Crean
Private Equity (2011): $8.7M, investors not publicly disclosed
Series B (2011): $9.1M featuring Battery Ventures, Accel, and First Round Capital
Series C (2012): $23M backed by Battery Ventures, First Round Capital, and Accel
Series D (2013): $45M with participation from U.S. Venture Partners, Battery Ventures, First Round Capital, GGV Capital, and Accel Partners
Series E (2017): $37M led by Aspect Ventures, Battery Ventures, First Round Capital, Coatue Management, Accel Partners, U.S. Venture Partners, GGV Capital, RSC Capital, and Founder’s Circle
Key Investors in HotelTonight
Battery Ventures
Battery Ventures is a global, technology-focused investment firm that partners with companies at all stages, from seed to buyout. They specialize in software and services, enterprise infrastructure, online marketplaces, healthcare IT, and industrial technology, backing exceptional founders and management teams.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors, focusing on supporting entrepreneurs and driving significant results. Their portfolio spans finance, technology, and consumer services, aiming to partner with exceptional founders to create value.
Accel
Accel is a venture capital firm that invests in early-stage and growth-stage companies, particularly in the software and internet sectors. They are known for their deep operational expertise and global network, supporting founders from inception through to IPO.
What's next for HotelTonight?
With the infusion of $37M in a major strategic investment, HotelTonight is poised for accelerated growth. This capital injection, part of its {{totalFundingContext}} trajectory, suggests a strategic focus on scaling operations, enhancing its technological infrastructure, and potentially expanding into new markets or service offerings. The company's ability to attract substantial backing indicates strong investor confidence in its business model and future prospects within the dynamic travel industry. Future developments may include deeper integration with hotel partners, enhanced user personalization, and innovative approaches to mobile travel commerce.
See full HotelTonight company page
