# The Locale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-locale

- Industry: Real Estate Development & Operating Companies
- Headquarters: Austin, US
- Website: www.locale.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 13, 2020)
- Investors on record: 5

## About

The Locale, LLC offers furnished apartments that seamlessly blend the comfort of home with upscale hotel amenities, catering to travelers seeking extended stays in prime urban locations across the United States.Founded in 2016 in Austin, US, The Locale, LLC specializes in offering furnished apartments for extended stays. The company has raised a total of USD 11.00 mn through a Series A funding round on January 13, 2020, led by Amplo, along with participation from Malkin Holdings, Metropolis Capital Partners, Rogue Insight Capital, and Susa Ventures. Nitesh Gandhi, who has a history of entrepreneurship, serves as the CEO and was one of the co-founders alongside Sergio Piscione.Locale specializes in providing furnished apartments that combine the comforts of a stylish private residence with upscale hotel amenities. Their core offering consists of fully-equipped apartments featuring modern kitchens, in-unit laundry facilities, and hotel-style cleaning services. They target connected travelers seeking extended stays in urban neighborhoods across the United States, placing a strong emphasis on convenience, comfort, and a home-like atmosphere.Locale generates revenue through the rental of its furnished apartments, using a direct-to-consumer model for seamless transactions. Customers can book for short-term or extended stays with pricing based on the rental length and specific apartment features. The company also provides corporate housing solutions for businesses needing accommodations for employees, ensuring flexibility in booking to maximize occupancy rates.The Locale, LLC plans to utilize the USD 11.00 mn raised in its Series A funding to enhance its product offerings and expand into new urban markets. There are no specific new products or release dates mentioned, but the company is focusing on increasing its presence in sought-after neighborhoods, leveraging its recent funding to support operational expansions and improve customer experiences.

## Funding rounds

- Series A, Jan 13, 2020, $11M — Susa Ventures, Amplo, Malkin Holdings, Rogue Insight Capital, Metropolis Capital Partners
- Seed, Apr 16, 2019, $2.5M — Susa Ventures, Amplo

## Investors

- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A
- Amplo (https://capitalatlas.ai/funds/amplo) — Seed, Series A
- Malkin Holdings — Series A
- Rogue Insight Capital (https://capitalatlas.ai/funds/rogue-insight-capital) — Series A
- Metropolis Capital Partners — Series A