Stay Alfred, a hospitality startup that raised $62 million, is closing its doors for good. Ending weeks of speculation and rumor, CEO Jordan Allen said revenue dried up during the coronavirus pandemic, and in March, the firm failed to raise $30 million in funding that would have let it stay open. It was also unable to sell off assets. “At one point, we were a $100 million company. And now, it’s over,” Allen told the
source https://therealdeal.com/2020/05/20/stay-alfred-vc-backed-hospitality-startup-closes-for-good/
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