# Hotel Tonight

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hotel-tonight

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.hoteltonight.com
- Total disclosed funding: $117M
- Latest round: Series E (Mar 10, 2017)
- Investors on record: 9

## About

Hotel Tonight, LLC offers a mobile-first platform for last-minute hotel bookings, providing travelers with affordable accommodation options and convenient reservations, particularly for same-day stays.Founded in 2010, Hotel Tonight, LLC is headquartered in San Francisco, US. The company specializes in last-minute hotel bookings, allowing users to reserve rooms at discounted rates. In March 2019, the company was acquired by Airbnb, Inc., completing the deal in April 2019. Hotel Tonight has raised a total of USD 37.031 mn across multiple funding rounds, with the most recent being a Secondary Stock Purchase of USD 0.250 mn, led by Manhattan Venture Partners. The company has completed eight deals to date.HotelTonight specializes in providing last-minute hotel booking solutions aimed at travelers seeking affordable accommodation options. Their core offerings encompass a mobile-first platform that allows users to browse, select, and reserve hotel rooms at discounted rates, particularly for same-day or last-minute stays. The service caters primarily to leisure travelers, spontaneous vacationers, and business professionals who require urgent lodging arrangements. HotelTonight operates primarily in key metropolitan markets such as New York, Los Angeles, and Chicago, as well as in popular tourist destinations across Europe and Asia. By leveraging partnerships with a wide array of hotels, ranging from boutique establishments to larger chains, the company addresses the end-use case of providing quality accommodations at competitive prices on short notice, enhancing the convenience for users actively seeking timely travel solutions.HotelTonight generated revenue of USD 60.00 mn in the most recent year, 2016. The company primarily earns revenue through commission-based transactions on hotel bookings made via its platform, receiving a percentage from hotel partners for each booking. The pricing structure encourages immediate bookings without subscriptions or long-term commitments, effectively addressing the needs of consumers seeking last-minute accommodations.Hotel Tonight plans to leverage recent funding to enhance its platform and expand into new markets. The funding from the Secondary Stock Purchase will support the development of new features and services to improve the user experience. The company is targeting expansion into additional metropolitan areas across the US and Europe, with an emphasis on improving service offerings by the end of 2021. Recent strategic moves, including the acquisition by Airbnb, are expected to bolster its market presence.

## Funding rounds

- Series E, Mar 10, 2017, $37M — Accel, Battery Ventures, US Venture Partners, Granite Asia, First Round Capital, Coatue Management, Founders Circle Capital, Aspect Ventures, RSC Capital
- Series D, Aug 21, 2013, $45M — Accel, Battery Ventures, US Venture Partners, Granite Asia, First Round Capital
- Series C, May 22, 2012, $23M — Accel, Battery Ventures, US Venture Partners, First Round Capital
- Series B, Nov 1, 2011, $8.7M — Accel, Battery Ventures, First Round Capital
- Series A, Apr 29, 2011, $3M — Accel, Battery Ventures, First Round Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D, Series E
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B, Series C, Series D, Series E
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A, Series B, Series C, Series D, Series E
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series C, Series D, Series E
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series D, Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- Founders Circle Capital (https://capitalatlas.ai/funds/founders-circle-capital) — Series E
- Aspect Ventures (https://capitalatlas.ai/funds/aspect-ventures) — Series E
- RSC Capital (https://capitalatlas.ai/funds/rsc-capital) — Series E