Sonder raises $170M despite hospitality apocalypse

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,

source https://therealdeal.com/2020/06/24/sonder-raises-170m-despite-hospitality-apocalypse/