What is HotelTonight?
Headquartered in San Francisco, HotelTonight operates a specialized mobile marketplace that facilitates the booking of last-minute hotel rooms. By providing a streamlined interface for Android and iOS users, the platform effectively bridges the gap between travelers seeking spontaneous lodging and hotels looking to monetize unsold inventory. This dual-sided model not only enhances consumer convenience but also provides a critical revenue management tool for the hospitality industry, optimizing occupancy rates through real-time distribution technology.
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 SV Angel, Hugh Crean, Battery Ventures, First Round Capital, Founder Collective, Brad Gerstner, Accel, and Glassdoor
Private Equity (2011): $8.7M, investors not publicly disclosed
Series B (2011): $9.1M featuring Accel, Battery Ventures, and First Round Capital
Series C (2012): $23M backed by Battery Ventures, First Round Capital, and Accel
Series D (2013): $45M with participation from Battery Ventures, First Round Capital, U.S. Venture Partners, Accel Partners, and GGV Capital
Series E (2017): $37M led by RSC Capital, Aspect Ventures, Battery Ventures, First Round Capital, Coatue Management, Accel Partners, U.S. Venture Partners, Founder’s Circle, and GGV Capital
Key Investors in HotelTonight
Battery Ventures
A global investment firm that partners with exceptional founders to build category-defining businesses across software, enterprise infrastructure, and online marketplaces.
GGV Capital
A multi-stage, sector-focused venture firm that invests in seed-to-growth stage companies across social, internet, and enterprise technology sectors globally.
U.S. Venture Partners
A prominent Silicon Valley venture capital firm specializing in early-stage investments and supporting the scaling of transformative companies in cybersecurity and consumer products.
What's next for HotelTonight?
With the support of its latest strategic financing, HotelTonight is well-positioned to deepen its market penetration and enhance its technological infrastructure. The company is expected to focus on optimizing its algorithmic matching capabilities and expanding its partner network to include a broader range of lodging options. As the travel sector continues to evolve, the firm's ability to leverage its data-driven insights will be paramount in maintaining its competitive edge and driving long-term value for its stakeholders and users alike.
See full HotelTonight company page
