Sonder Closes $85 Million Round and Reveals $135 Million in Total Funding

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A Montreal company specializing in finding people a place to stay has disclosed just how successful its funding pursuits have been over the past two years.

Sonder has revealed a brand new $85 million funding round, in addition to disclosing that they have raised $135 million to date, according to a report from Forbes. That newest round was led by Greenoaks Capital.

The company acts as a sort of Airbnb but for spaces that are actually leased or owned by Sonder themselves. They focus on hip and up-and-coming neighborhoods to try and give their customers access to the best a city has to offer, and Sonder can control every aspect of the stay, from the cleanliness to the available amenities. No one lives in a Sonder except for the guests themselves.

So far, over 200,000 guests have stayed in a Sonder and the platform has locations in New Orleans, Rome, San Francisco, Chicago and more. Sonder bridges the gap between an Airbnb and hotel and offers guests a curated experience. The company has 2,220 units and 3,300 rooms available to guests.

Sonder is an alumnus of the FounderFuel accelerator based in Montreal. Though this newest funding round was previously undisclosed, the company did announce a $10 million raise back in 2016.

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