Funding round
Hostaway Seed
Hostaway, which works in vacation rental management solutions in Toronto, raised $1.4M in a Seed round announced on 4 Dec 2018, led by Vendep Capital. 2 firms took part. It is Hostaway's first venture round on record.
$1.4M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Hostaway did not disclose a valuation in this round. It is Hostaway's first venture round on record, 3 years after it was founded in 2015. It is under 1% of the $541M Hostaway has raised in the venture rounds on record. Hostaway raised again 54 months later: a Growth round of $175M in Jun 2023. Its next priced round, a Growth in Dec 2024, valued it at $925M.
Hostaway's funding rounds
Hostaway has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
Vendep Capital led the round with 1 other firm.
Lead investor
- backs 22 venture-backed companies new investor
Also in the round
- Business Finland new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
817 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 58% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Dec 2018 | $5.0M | not disclosed | Rio Ventures Holdings and 2B Angels |
| Tech Companies | 1 Dec 2018 | $4.5M | not disclosed | K5 Ventures |
| Tech Companies | 19 Dec 2018 | $4.5M | not disclosed | Brick & Mortar Ventures |
| Tech Companies | 20 Dec 2018 | $4.5M | not disclosed | Las Olas Venture Capital |
| Tech Companies | 1 Dec 2018 | $3.4M | not disclosed | not named |
| Tech Companies | 19 Dec 2018 | $3.3M | not disclosed | not named |
| Tech Companies | 13 Dec 2018 | $3.0M | not disclosed | Crosslink Capital and Uncork Capital |
| Tech Companies | 22 Dec 2018 | $3.0M | not disclosed | MizMaa Ventures |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Hostaway raise in its Seed round?
Hostaway raised $1.4M in its Seed round, announced in Dec 2018.
Who led Hostaway's Seed round?
Vendep Capital led it, with Business Finland.
What was Hostaway's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
817 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 58% of the median.
Did Hostaway raise again after this round?
Yes: a Growth round in Jun 2023 of $175M.