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Sonder raises $225 million

Sonder’s founders. Photo credit: Sonder

Serviced apartment startup Sonder has raised $225 million at a valuation north of $1 billion. The equity round was led by Valor Equity, Westcap and Tao Capital Partners.

  • What they do: The company offers apartment style rentals that are managed like a hotel with a concierge available via text.
  • Competitors: The Guild, Domio, WhyHotel, Zeus, Lokal, 2nd Address, MagicStay, and AtHomeHotel. 

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