HotelTonight
HotelTonight is a travel agency and metasearch engine owned by Airbnb and accessible via website and mobile app used to book last-minute lodging in the Americas, Europe and Australia.History
HotelTonight was founded in December 2010 by Sam Shank, Jared Simon, and Chris Bailey. Shank, the company's CEO, previously founded two hotel-related startups, DealBase.com and TravelPost.
When it first launched in January 2011, the mobile app was only available in the US and on Apple products. The app launched on Android devices in July 2011 and now includes cities in Europe, Canada, Central America and South America.
In May 2011, the company raised a $3.25 million Series A round from Battery Ventures, Accel Partners, and First Round Capital.
In November 2011, the company raised $9 million from Accel Partners, Battery Ventures, and First Round Capital.
In June 2012, the company raised a $23 million Series C round from U.S. Venture Partners, Accel Partners, Battery Ventures, and First Round Capital.
In September 2013, the company raised $45 million in a Series D round led by Coatue Management, bringing its total funding to $80.5 million.
In October 2014, HotelTonight expanded from same-day only bookings to allowing users to book rooms up to 7 days in advance.
In March 2017, the company raised $37 million at a $500 million post-money valuation in a Series E round led by Accel Partners.
In September 2018, the company expanded to a website.
In March 2019, HotelTonight was acquired by Airbnb for approximately $450 million in cash and stock.
