Sonder has raised US$170 million in a Sequence E funding spherical.
The deal, which was led by Constancy Funds, Westcap and Inovia Capital, values the condo rental firm at US$1.three billion.
Sonder added confirmed it additionally expects to lift extra capital from new and returning traders that can convey the entire spherical to round $200 million.
The corporate stated in an announcement: “Our Sequence E wouldn’t have been potential with out the robust relationships we’ve cast with property house owners, who’ve partnered with us to regulate lease phrases.
“This, together with some extraordinary, and at instances painful, cost-cutting measures, have allowed us to keep up a robust money place, essential to the long-term success of the enterprise.
“With this new funding, our precedence is to scale Sonder fastidiously and responsibly.
“We are going to proceed to have interaction with our actual property companions about new thrilling places in addition to innovate on the visitor expertise and proceed to make sure Sonder stays a terrific place to work for our staff.
“We’re excited to develop new methods to ship a greater keep for our friends together with new options, providers and partnerships.
“Our work has solely simply begun, however we’re optimistic about what the long run holds…