# Pillow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pillow

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.pillow.com
- Total disclosed funding: $16M
- Latest round: Series A (Jun 21, 2017)
- Investors on record: 18

## About

Based in California, US, and founded in 2014 by Sean Conway and Justin Miller, who had previously founded a company called Notehall that sold to Chegg in 2011. Pillow, Inc., formerly known as Airenvy, operates as a developer of a short-term house rental management platform designed to manage the process of renting apartments for a short duration. The company's platform generates reports for building owners that summarize unit level details with revenue and features automated guest-check for secure communication. In June 2017, the company received Series A funding led by Mayfield Fund. In October 2018, Pillow was acquired by the Expedia Group.

Pillow Residential, a new management platform for short-term rentals in multi-family apartment buildings. The platform allows building owners to know which units are being rented, and even to whom, giving them access to guest profiles; it also helps connect with background-checked cleaners. Pillow Residential has enrolled more than 5,000 units in places like San Francisco, Oakland, Denver, Eugene, Salt Lake City, Louisville, and Albuquerque. It’s already working with apartment owners like Marian Group, Virtu Investments, and Peak Residential.

Pillow Residential guaranteed a pre-determined minimum monthly income for those who sign up. To determine that number, it takes into account 85 different criteria including location, number of bedrooms, and amenities. The company takes a 15 percent cut of rentals that are booked while it’s managing a property.

## Funding rounds

- Series A, Jun 21, 2017, $14M — Mayfield Fund, Veritas Investment GmbH, Expansion Venture Capital, Album VC, Vayner/RSE, Sterling.VC
- Series A, Nov 13, 2015 — Slow
- Seed, Jan 20, 2015, $2.6M — Homebrew, Expansion Venture Capital, Boost VC, ACME Capital, Structure Capital, Album VC, Soma Capital Management, Flight Ventures, ZenStone Venture Capital, MetaProp, Sterling.VC, Science
- Seed, Apr 1, 2014 — Boost VC
- Seed, Mar 17, 2014 — ACME Capital, Album VC, Otter Rock Capital, Grey Wolf, Inc.

## Investors

- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed
- Album VC (https://capitalatlas.ai/funds/album-vc) — Seed, Series A
- Otter Rock Capital (https://capitalatlas.ai/funds/otter-rock-capital) — Seed
- Grey Wolf, Inc. — Seed
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Seed
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed
- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Seed, Series A
- Structure Capital (https://capitalatlas.ai/funds/structure-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Flight Ventures (https://capitalatlas.ai/funds/flight-ventures) — Seed
- ZenStone Venture Capital (https://capitalatlas.ai/funds/zenstone-venture-capital) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed
- Sterling.VC (https://capitalatlas.ai/funds/sterling-vc) — Seed, Series A
- Science (https://capitalatlas.ai/funds/science) — Seed
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A
- Veritas Investment GmbH — Series A
- Vayner/RSE (https://capitalatlas.ai/funds/vayner-rse) — Series A