AvantStay, a real estate management company based out of California, has recently announced that it has ended a Series A funding round led by Bullpen Capital, at $5 million, which brings the total amount of funding to $6 million.
Bullpen Capital is an early-stage, post-seed venture fund investing in technology companies that have been funded by super-angels and institutional seed funds. By extending the capital-efficient model beyond the seed stage, our capital keeps options open for founders and investors.
AvantStay manages 60 short-term rentals that cater to groups, particularly Millennials, and specializes in offering local experiences with each stay. The company is currently operating in the Coachella Valley, Paso Robles, Scottsdale, Temecula, San Diego, and Tahoe markets.
Founded in 2016, AvantStay manages operations from its offices in San Francisco and Los Angeles through tech automation to communicate with guests, manage maintenance and cleaning, and provide customer service. The company also works closely with Airbnb on technology initiatives, policy updates, and market demands.
The latest funding will help AvantStay further invest in its operational technology infrastructure, expand to new markets, and grow its inventory to more than 200 homes by the end of 2019.
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