Hotel chain Hyatt Hotels has led a $40m series C round for UK-based short-term home rental service Onefinestay, according to the Wall Street Journal.
Onefinestay operates an upscale version of Airbnb, providing a platform for wealthy homeowners to rent their properties out to visitors for short-term stays.
Originally launched in London in 2010, the company has since expanded to New York, Paris and Los Angeles, and manages a portfolio of more than 2,500 homes reportedly worth a combined $5bn.
Onefinestay had previously raised $3.7m in a 2011 series A round backed by Index Ventures, Profounders Capital, Brent Hoberman and Andy Phillips, before Index and Profounders took part in a $12m round led by Canaan Partners the following year.
– Photo courtesy of Onefinestay