OAKLAND — Suiteness, an online booking service for luxury and apartment-style hotel suites, has a closed a $5 million Series A funding round co-led by Bullpen Capital & Global Founders Capital, with participation from HVF (Co-Founder of PayPal, Max Levchin’s personal fund), YC’s Continuity Fund, Kima Ventures, Altair Capital and other prominent investors.
The new capital will support the company’s plans for expansion into 10 new cities by the end of 2017 starting with Orlando, following 50 percent month-over-month growth in bookings in New York, Las Vegas, Miami, Los Angeles and London.
Suiteness makes it simple for families, large groups and business travelers to book luxury and apartment-style suites with multiple bedrooms that were previously unavailable online, with a roster of over 100 hotel partners including The Venetian & Palazzo Las Vegas, Caesars Entertainment, SLS Hotels, Viceroy and Dream Hotels, among others. Las Vegas suites start at $150 per night.
The service provides an upscale yet economically viable alternative to home booking sites such as Airbnb, HomeAway and VRBO. On top of hotel amenities, Suiteness provides guests a 24/7 concierge that will help with access to the hottest local restaurants, clubs and entertainment.
“Demand has accelerated at a much faster pace than we anticipated and forced us to expand ahead of schedule,” said Suiteness CEO, Robbie Bhathal. “We launched Suiteness to fill a growing gap in the travel market for families and groups who wanted the space of a home or apartment, yet didn’t want to sacrifice the amenities of a 4 or 5 star hotel. This new round of funding will give us the firepower to continue expanding our inventory of suites not only for the benefit of travelers, but also for hotels which we are helping realize the potential of thousands of underutilized suites and rooms.”
Since launching in 2015, the Oakland-based startup has experienced growth at rapid rates– receiving 1 new member every 4 minutes.
The platform currently has close to 50,000 members and provides access to 30,000 luxury suites in Las Vegas, Miami, Los Angeles, New York, Orlando and London.