WeHo short-term rental startup AvantStay snags $5M in funding

The firm manages properties around the US and targets groups of travelers

TRD LOS ANGELES /
Dec.December 20, 2018 10:00 AM
AvantStay CEO Sean Breuner and the company’s “Polaris” rental in Tahoe, California (credit: AvantStay)

West Hollywood-based short-term rental startup AvantStay secured $5 million in its latest funding round.

Bullpen Capital, a San Francisco-based venture fund, led the round, according to the Los Angeles Business Journal. Other backers included F-Prime Capital Partners, Zeno Ventures, Abstract Ventures, and Presidio Bay Ventures.

It brings AvantStay’s total funding up to $6 million. Some of the money will be invested into its technology infrastructure.

AvantStay manages vacation properties and targets group travelers. It also arranges group vacation activities specific to each property. It manages its own cleaning and maintenance service as well.

The company manages 60 properties around the U.S. and will use the funds to expand its operation. It looks to manage around 200 properties by the end of next year.

AvantStay says it doesn’t look to compete with home-sharing giant Airbnb, but instead collaborates on “technology initiatives, policy updates, and market demands,” according to journal reported. [LABJ] — Dennis Lynch 


Related Articles

arrow_forward_ios

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

HomeAway CEO Brian Sharples and Airbnb CEO Brian Chesky say they need a delay (Credit: Getty Images)

Airbnb to LA: Please don’t start enforcing new law on Nov. 1

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Glendale Mayor Ara Najarian and City Hall

No more “party house” in Glendale if new Airbnb law passes

Airbnb's Brian Chesky and Mike Bonin, LA city councilman for Venice

LA’s new Airbnb rules may price out some short-term renters in beach towns

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

Abhi CVK and Rashid Aziz

New platform that automates real estate transactions just launched

arrow_forward_ios