UK-based upscale peer-to-peer accommodation rental platform Onefinestay closed a $40m series D round featuring Intel Capital, the corporate venturing arm of semiconductor maker Intel, and hotel chain Hyatt Hotels yesterday.
The round also included an affiliate of Quadrant Capital Advisors, venture capital firms Index Ventures and Canaan Partners, and angel investors Joss Kent, Richard Chen, and Mark Dempster.
Hyatt’s participation in the series D round was originally revealed last month, and it has now raised $80m in total.
Although details of its series C round have not been disclosed, Caanan, Index and PROfounders Capital backed a $12.7m series B round in 2012, after the latter two provided $3.7m in 2011.
Founded in 2010, Onefinestay offers a service similar to a highbrow Airbnb, providing a platform on which users can list rooms in which visitors can stay for short periods. It currently operates in London, New York, Paris and Los Angeles.
The capital, which took Onefinestay’s total funding to about $80m, will support international growth and innovations in service delivery, e-commerce and technology, as well as training and recruitment.
Onefinestay raised the funding at the same time as another UK-based peer-to-peer accommodation rental startup, LoveHomeSwap, receeived £7.5m ($11.8m) from hotel chain Wyndham Hotels, according to the Financial Times.
LoveHomeSwap operates as a home exchange service, enabling users to swap houses or apartments with each other, or simply rent out homes or rooms for short periods.
Airbnb itself raised $1.5bn at a $25.5bn post-money valuation from Hillhouse Capital, General Atlantic, Kleiner Perkins Caufield & Byers, GGV Capital, China Broadband Capital, Horizon Ventures and Tiger Global Management over the weekend.