Onefinestay Is Like A Super-Fancy Airbnb, And It Just Raised $12M

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Onefinestay, a startup describing itself as “the world’s first unhotel,” just announced that it has raised $12 million in a Series B round of funding.

The service allows people who are going out-of-town to rent out their homes to travelers. It may sound a bit like Airbnb, but onefinestay is trying to create a more high-end experience, with a curated list of luxury houses and apartments. So guests get a swanky local experience combined with some of the convenience of a hotel, thanks to onefinestay-provided linens and toiletries. There’s also an iPhone app with tips, free local calling, and access to guest services like cleaning and a private chef.

The startup launched in London a little more than two years ago, and since then it claims to have grown from six to 500 homes. Apparently some of the people renting out their homes are making more “significantly more” than $50,000 a year. Now it’s launching in New York City. The new funding, naturally, will help with the launch, and with further international growth.

The round was led by Canaan Partners, with participation from previous investors Index Ventures and PROfounders Capital. Onefinestay has now raised a total of $16 million.