What is Mint House?
Founded in 2017 and headquartered in New York, New York, Mint House distinguishes itself by offering technology-enabled travel apartments tailored for business travelers. This innovative approach provides a more comfortable and productive lodging experience compared to traditional hotels, integrating smart technology and premium amenities. The company operates within the burgeoning corporate housing market, a segment that has seen increased demand as businesses prioritize employee comfort and productivity during travel. Mint House's model aims to bridge the gap between short-term rentals and extended-stay hotels, offering a consistent and reliable solution for corporate clients.
How much funding has Mint House raised?
Mint House has raised a total of $50.4M across 3 funding rounds:
Series A
$15M
Debt
$350K
Series B
$35M
Series A (2019): $15M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Series B (2022): $35M supported by Revolution, Ingleside Investors, Allegion Ventures, and Mohari Hospitality
Key Investors in Mint House
Revolution
Revolution is a venture capital firm that invests in transformative technologies and iconic destinations, supporting entrepreneurs who are redefining possibilities. With over two decades of experience, they back visionary founders at every stage of the startup journey and promote innovation beyond traditional tech hubs. Their investment strategy focuses on strengthening communities through real estate and hospitality, with a significant portion of capital allocated outside of Silicon Valley. Revolution's portfolio includes over 200 companies across more than 100 cities and 40 states and territories.
Ingleside Investors
Ingleside Investors, also known as A.C. Israel Enterprises, is a financial holding company that represents the investment interests of the Israel family. With over a century of experience in global financial markets, the firm invests in a diverse array of traditional and non-traditional financial assets, primarily focusing on private equity. Its portfolio includes various ventures such as Hissho Sushi, Aligned Modern Health, and the TWA Hotel at JFK International Airport. The company aims to leverage its extensive experience to maximize investment opportunities for its clients.
Mohari Hospitality
Mohari Hospitality is a global investment platform established in 2017, specializing in luxury and lifestyle hospitality investments. The company employs a vertically integrated model, engaging in all phases of value creation from acquisition to operation and exit strategies. Mohari collaborates with top-tier partners to redefine luxury hospitality standards and invests in high-end properties in prime locations worldwide. Their commitment extends to serving the communities where they operate, ensuring a positive impact alongside their investment endeavors.
What's next for Mint House?
With its latest round of major strategic investment, Mint House is poised for accelerated growth and market penetration. The substantial capital infusion, indicated by the $50.4M in total funding, will likely be directed towards expanding its portfolio of technology-enabled apartments, enhancing its proprietary technology platform, and broadening its geographic reach. This strategic backing suggests a focus on scaling operations to meet the increasing demand for flexible and premium accommodation solutions for business travelers. The company's trajectory indicates a strong emphasis on solidifying its position as a leader in the corporate housing industry through continued innovation and strategic partnerships.
See full Mint House company page
