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Sonder Raised $170 Million in Funding for Its Hotel and Short-Term Rental Model

from HospitalityNet

Sonder Raised $170 Million in Funding for Its Hotel and Short-Term Rental Model HospitalityNet Today, we are announcing that we recently closed on a Series E round of $170 million, led by Fidelity, WestCap, and Inovia Capital, which brings Sonder's valuation to $1.3 billion. In the coming weeks, we expect to raise additional capital from new and returning investors that will bring our Series E total to around $200 million. This fundraise and valuation increase comes after the most severe downturn the hospitality industry has ever faced. READ MORE

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