Last-minute hotel booking startup HotelTonight just announced that it raised a $23 million Series C round led by U.S. Venture Partners (USVP). The financing includes existing investors Accel Partners, Battery Ventures, and First Round Capital. In addition to the funding, HotelTongiht will be adding USVP general partner Rick Lewis to its board of directors.
HotelTonight has rolled out a number of mobile apps for iPhone, iPad, and Android, which allow users to find low-priced, last-minute hotel accommodations on the fly. That lets hotels sell unsold inventory, and gives users cheap options at high-quality locations in more than 40 cities in the U.S. It’s gained some decent user traction for its free-to-download apps, with 2 million downloads to date.
See on techcrunch.com
Latest posts by Tom George (see all)
- New Digital Trends In Today’s Smartphone-Obsessed World - September 6, 2016
- 5 Things a Recruiter Looks for in a Resume - August 30, 2016
- Obtaining Legal Immunity for Pet Cohabitation - August 30, 2016