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Sonder closes $170m Series E round
Reading Time: 3 minutesUS: San Francisco-based hospitality startup Sonder has announced it has closed a $170 million Series E round, led by Fidelity, WestCap Group and Inovia Capital, which brings its valuation to $1.3 billion. The startup also announced that it was expecting to raise additional capital from new and returning investors, which would ultimately bring the total […]
Hernandez sues RealPage over alleged secrets theft
Reading Time: 2 minutesUS: Miami-based real estate developer and founder and CEO of NGD Homesharing, Harvey Hernandez, has begun legal proceedings against property management software company RealPage over allegations it stole trade secrets and took employees from Hernandez’ firm, according to real estate news website The Real Deal. The website reported that NGD Homesharing was pursuing a lawsuit against Dallas-based […]
UnderTheDoormat launches Corporate Stay accommodation programme
Reading Time: 3 minutesUK: Luxury home accommodation business UnderTheDoormat has launched its Corporate Stay accommodation programme to help London-based employers get their key staff back to their offices safely. As a result, it is offering a special introductory £50 discount rate until the end of July. Since Covid-19 hit the United Kingdom and closed down ‘going to work’ […]
“The Airbnb IPO may be bigger and better than ever”: AirDNA CRO Tom Caton
Reading Time: 3 minutesWorldwide: AirDNA chief revenue officer Tom Caton assesses where Airbnb may go next, as the possibility of an IPO for the booking platform this year resurfaces. Airbnb’s evolution has been spectacular to say the least. The glory of Airbnb in the early days, when you’d be offered your host’s coat if you got cold; or […]
Expedia Group to simplify portfolio by retiring HomeAway U.S. brand
Reading Time: 2 minutesUS: Expedia Group has announced that it will retire its HomeAway brand in the United States next month, instead refocusing on simplifying its vacation rental portfolio and diverting U.S. users away from the HomeAway website and mobile app towards its Vrbo brand. The group has also confirmed that any travellers who have made existing bookings […]