# LocalHouse Acquisitions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/localhouse-acquisitions

- Industry: Travel & Leisure
- Headquarters: New York, US
- Website: www.lifehousehotels.com
- Total disclosed funding: $95M
- Latest round: Series C (Dec 2, 2021)
- Investors on record: 11

## About

LocalHouse Acquisitions LLC focuses on revolutionizing the hospitality industry through innovative hotel management solutions and a compelling collection of boutique hotels across the US.Founded in 2017, LocalHouse Acquisitions LLC operates primarily in the hospitality sector, offering tailored solutions for independent hotels. The company is headquartered in New York, US. Rami Zeidan is both the CEO and founder, bringing experience from prior ventures in the sector. The company has engaged in 6 deals, with a significant funding milestone occurring on December 2, 2021, when it raised USD 60 mn in Series C funding, bringing the total amount raised to USD 60 mn and achieving a current valuation of USD 204.68 mn. Investors in this round included Kayak Software Corporation, Inovia Capital, and several other firms.LocalHouse Acquisitions LLC specializes in boutique hospitality experiences through its unique hotels situated in New England and California. Their offerings include a variety of lodging options that merge modern design with local charm, catering to both leisure and business travelers. Each hotel aims to provide memorable guest experiences with amenities such as personalized recommendations and community-focused dining, appealing to diverse clientele from families to solo adventurers.LocalHouse Acquisitions LLC generates revenue through direct bookings for hotel accommodations and related services. Guests typically reserve rooms via the company’s website or travel partners. Revenue is structured around room rates that vary by location, season, and availability, with additional fees for premium offerings. The company also promotes customer loyalty through its On a Lark Club, which enhances repeat business by offering benefits such as upgrades and exclusive deals.In December 2021, LocalHouse Acquisitions LLC secured USD 60 mn in Series C funding, aimed at developing a cloud-based hotel management platform that enhances operational autonomy for independent hotels. The company plans to expand its market presence and geographic footprint, targeting additional regions across the United States. This funding will facilitate the launch of new products tailored for boutique hotels, furthering their commitment to optimizing financial performance in the hospitality sector.

## Funding rounds

- Series C, Dec 2, 2021, $60M — Trinity Ventures, Inovia Capital, Cooley, Tiger Global Management, Thayer Ventures, Kayak Software Corporation, Sound Ventures, JLL Spark, Derive Ventures
- Series B, Jan 24, 2020, $25M — Trinity Ventures, Comcast Ventures, Tiger Global Management, Thayer Ventures, Global Founders Capital, Sound Ventures, JLL Spark
- Series A, Feb 1, 2018, $10M — Trinity Ventures, Comcast Ventures, Global Founders Capital
- Seed, May 4, 2017 — Trinity Ventures, Comcast Ventures

## Investors

- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Seed, Series A, Series B, Series C
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed, Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Series B, Series C
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series B, Series C
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Series B, Series C
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series C
- Cooley — Series C
- Kayak Software Corporation — Series C
- Derive Ventures (https://capitalatlas.ai/funds/derive-ventures) — Series C