AvantStay, a specialist in short-term rentals for groups, has announced $20 million in Series A funding.
The round was led by 3L Capital with Bullpen Capital, Convivialite Ventures, F-Prime Capital and Zeno Ventures also participating.
Los Angeles, U.S.-based AvantStay plans to expand its portfolio of properties as well as further develop its technology and improve the customer experience.
The company last raised investment capital in late-2018, bringing in $5 million in a Series A led by Bullpen Capital.
AvantStay leases properties, boutique hotels and commercial spaces in the US and converts them into short-term rentals.
The company has also partnered with Marriott International’s Homes & Villas arm and will be making AvantStay’s properties available for booking on the home rental platform.
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