What is Selina?
Selina operates as a distinctive hospitality brand, curating custom-designed hostel accommodations that integrate coworking spaces, recreational facilities, wellness programs, and immersive local experiences. Established in Latin America in 2015, Selina's unique model involves collaborating with local artists, creators, and tastemakers to develop each property. These accommodations are strategically situated in diverse global locations, ranging from bustling urban centers to tranquil beach fronts and remote jungle settings, offering a blend of comfort, community, and cultural engagement.
How much funding has Selina raised?
Selina has raised a total of $568.6M across 7 funding rounds:
Series B
$95M
Other Financing Round
$150M
Series C
$100M
Debt
$60M
Series A
$59.6M
Share Placement
$54M
Debt
$50M
Series B (2018): $95M with participation from Adam Neumann and Abraaj Group
Other Financing Round (2018): $150M led by DD3 Capital Partners
Series C (2019): $100M, investors not publicly disclosed
Debt (2020): $60M, investors not publicly disclosed
Series A (2020): $59.6M backed by Global Founders Capital and Picus Capital
Share Placement (2022): $54M, investors not publicly disclosed
Debt (2023): $50M led by Global University Systems
Key Investors in Selina
Abraaj Group
Founded in 2002, Abraaj Group is a global institution with investment across the growth markets such as Africa, Asia, Latin America, the Middle East and Turkey. With $10 billion assets under management, Abraaj Group's key investment includes investment in Aramex, Ninja Van and Urbano. Aramex is the leader in Middle East logistics while Ninja Van is a technology enabled last- mile logistics operator in South East Asia. Urbano focuses in light logistics in Latin America.
Global University Systems
Global University Systems's institutions enjoy the full benefits of Global University Systems's global reach, expanding across every continent with the assistance of established campuses, streamlined infrastructure, and innovative online spaces. With multiple institutions comprising a worldwide network, Global University Systems has extensive experience delivering global education services, while always maintaining the highest standards of the student experience. With a vast portfolio of programmes, Global University Systems continue to exemplify Global University Systems's position as leaders in higher education.
What's next for Selina?
The recent major strategic investment signals a pivotal phase for Selina, likely aimed at accelerating its global expansion and enhancing its unique service offerings. With a history of diverse financing rounds, including debt and share placements, the company appears to be navigating a complex financial strategy to fuel its growth. Future initiatives may focus on further integrating technology into its operations, expanding its coworking infrastructure, and deepening its commitment to local community partnerships, solidifying its position as a leader in the evolving hospitality landscape.
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