Thursday, August 14, 2014
Hovelstay.com Gets $1.2M To Help You Find Anti-Luxury Digs
Looking for dump to stay in while traveling? A new, Glendale-based startup, hovelstay.com, said it has launched a new site to help college students to find affordable lodging--including the proverbial "dump"--and has raised $1.2M in venture funding. According to hovelstay.com, the Series A funding came from private investors in London and Dubai. Names of those investors were not disclosed. hovelstay.com sais that its site is aimed at traveling students, and features only properties with pricing under $99. The site currently limits usage to people with verifiable, .edu addresses, and offers up properties for a day, a week, or by the semester. hovelstay.com said it wants to be the "anti-luxury" vacation rental site. The startup is led by Michael Bolger.