Venture Capital

Sonder Closes $170M Funding Round

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Hospitality startup Sonder has gone and raised $170 million, in the middle of an unprecedented hospitality downturn no less. The San Francisco-based company, which leases apartments and turns them into furnished short-term rentals, said it closed a Series E at a $1.3 billion valuation — up from its prior valuation of $1.1 billion. The round was led by Fidelity Funds, Westcap and Inovia Capital, with participation from Spark Capital, Greenoaks, Valor Equity, Greylock, Atreides Capital, The post Sonder raises $170M despite hospitality apocalypse appeared first on The Real Deal New York.

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