What is Selina?
Selina operates as a distinctive hospitality brand, offering uniquely designed hostel accommodations that integrate coworking spaces, recreational facilities, wellness amenities, and curated local experiences. Established in Latin America in 2015, Selina properties are developed in collaboration with local artists and tastemakers. The brand strategically repurposes existing buildings in diverse global locations, ranging from bustling urban centers to tranquil beaches and remote jungles, providing travelers with immersive and authentic stays.
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
Global University Systems
Global University Systems is an educational conglomerate with a global reach, providing extensive experience in delivering higher education services across multiple continents and maintaining high standards for student experience.
Abraaj Group
Abraaj Group is a global investment firm focused on growth markets, with a portfolio including logistics and light logistics operators in the Middle East, South East Asia, and Latin America.
What's next for Selina?
With a major enterprise-level funding context and a recent strategic investment, Selina is poised for significant scaling and operational enhancement. The company's trajectory suggests a focus on expanding its global footprint, potentially entering new markets or deepening its presence in existing ones. Future developments may include further integration of technology to streamline operations, enhancing the unique co-living and co-working experiences, and forging stronger partnerships with local communities and artists to maintain its distinctive brand identity. This strategic capital infusion is expected to fuel innovation in its service offerings and solidify its position as a leader in the evolving hospitality landscape.
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