Wednesday, September 18, 2019

AvantStay Takes $20M For High End, Short Term Rentals

A new, Los Angeles-based startup, AvantStay announced on Wednesday that it has raised $20M in its Series A funding round, to provide affordable, high-end short term rentals to groups to market. The company said the funding was led by 3L Capital, and also included Bullpen Capital, Convivialite Ventures, F-Prime Capital, Zeno Ventures and Olympian Shaun White. AvantStay was co-founded by Sean Breuner and Reuben Doetsch. According to the company, it has now raised $30M in total. The new funding will go towards its technology, to scale its operations team, and to expand its portfolio of companies. As part of the investment round, AvantStay also said it has recently inked a deal with Homes & Villas by Marriott International. Home & Villas by Marriott International works with a select number of operators and chose AvantStay to join its network after an extensive audit process