AvantStay has landed a $5 million funding round from large
group of investors led by Ballpen Capital.
The company has created a platform to enable group bookings
on high-end private accommodation rentals in the U.S.
It was formed in September 2016 and has 300 rooms across 60
The latest round, a Series A investment, saw participation
from F-Prime Capital, Zeno Ventures and Convivialite Ventures.
Previous backers of a $1 million seed round in late 2017,
Abstract Ventures and Presidio Bay Ventures, also contributed.
The money will be used to expand the network of available
properties to 200 properties and over 1,000 rooms by the end of 2019, the
It claims to be collaborating with Airbnb on technology and
Co-founder and CEO Sean Breuner said, "AvantStay is
setting a new standard for short-term rental brands by mixing technology and
traditional hospitality with a millennial flair to empower groups to have
amazing experiences, from quickly booking a hotel-grade property in just a few
clicks to enjoying all of the in-home activities that make each experience