Last-minute hotel booking startup HotelTonight just announced that it raised a $23 million Series C round led by U.S. Venture Partners (USVP). The financing includes existing investors Accel Partners, Battery Ventures, and First Round Capital. In addition to the funding, HotelTongiht will be adding USVP general partner Rick Lewis to its board of directors.
HotelTonight has rolled out a number of mobile apps for iPhone, iPad, and Android, which allow users to find low-priced, last-minute hotel accommodations on the fly. That lets hotels sell unsold inventory, and gives users cheap options at high-quality locations in more than 40 cities in the U.S. It’s gained some decent user traction for its free-to-download apps, with 2 million downloads to date.
The startup is growing quickly, and says it will use the funding to help expand its team as it moves beyond its home U.S. market. In April, HotelTonight added accomodations in its first two international cities, Toronto and Vancouver, and it plans to add more Canadian cities later this year.
Last November, HotelTonight raised $13 million in a round led by Battery Ventures and Accel Partners. Today’s funding brings total financing up to just under $36 million.
HotelTonight is the ultimate way to book a same-day hotel stay via your mobile device. Founded in 2010, HotelTonight is the first hotel booking application that is made for mobile from the ground up. HotelTonight offers some of the best pricing for last minute hotel deals in different categories: hip, basic, solid, charming and luxe. Perfect for business travelers, leisure travelers and locals alike.
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