SAN FRANCISCO — Wanderjaunt, which helps homeowners lease their property to business and regular travelers, has raised $15 million in a Series B round, led by Founders Fund. This brings the total capital raised to over $25 million. Along with this investment, Keith Rabois (General Partner, Founders Fund) is joining the company’s Board of Directors.
New investors participating include Tribe Capital, Stone Bridge Ventures, Tony Xu (DoorDash co-founder & CEO), Andy Fang (DoorDash co-founder & CTO), Adrian Aoun (Forward CEO) and Chung-Man Tam (2nd Address CEO). Khosla Ventures, Global Founders Capital, SV Angel, and The House Found have also invested in the company.
The company currently operates properties in San Francisco, San Diego and Phoenix.
Michael Chen, co-founder of Wanderjaunt, says that since its Series A round last year, WanderJaunt has achieved stellar growth, increasing total stays by over 500%.
This Series B funding will be used to deepen Wanderjaunt’s presence in existing markets and operate in four markets in the U.S. by the end of 2019.