“Upmarket Airbnb” Onefinestay beds $40m funding from hotel group Hyatt, Intel Capital and others

Lynsey Barber
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Onefinestay has a new round of funding (Source: Getty)

A London startup which offers Airbnb style rentals with the full service of a top end hotel has bedded $40m (£25.5m) in funding to fuel expansion.

Global hotelier Hyatt has invested in the London-founded startup, along with Intel Capital, Quadrant Capital Advisors and angel investors Joss Kent, Richard Chen, and Mark Dempsters, in the series D round which brings total funding to $80m.

Existing investors Index Ventures and Canaan Parnters also participated in the round.

The five-year-old startup, which employs more than 700 people, has also made a host of senior hires to support its international expansion beyond existing locations in London, New York, Paris and Los Angeles.

Read more: The 21 most remote Airbnb rentals to escape it all

Former Intercontinental Hotel Group finance chief Tom Singer and Nick Ruotolo, the ex-president of Vistaprint Europe, will join Onefinestay as finance chief and chief commercial officer respectively.

Dan Atkinson, a former eBay executive, has been named group vice president of people and Petros Demetriades as technology chief.

“Over the past five years we’ve transformed the experience of upscale hospitality, creating a compelling new way to make yourself at home in the world’s greatest cities. I’m delighted to welcome Tom, Nick, Petros, Dan and Scott, whose leadership will be crucial to the next phase of our growth,” said Onefinestay co-founder and chief Greg Marsh.

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