NextView Ventures, Nelstone Ventures, and Ingleside Investors additionally participated inside the financing, along with executives inside the hospitality and real estate industries. Tom Mangas, the former CEO of Starwood Hotels, additionally put money in the spherical. Founded in early 2017, Mint House had most effective raised an undisclosed pre-seed spherical that year, consistent with its Crunchbase profile.
The New York-based agency guarantees “tech-forward motels,” along with a cellular app to take a look at-ins and messaging with customer support.
It partners with landlords or commercial enterprise builders and rentals between 20 to two hundred units in a constructing with the aim of presenting “amenity-rich, apartment-style inns with the brand consistency of top-tier resorts.”
Will Lucas, the founding father of Mint House, said he became inspired by means of his very own enjoy at the same time as touring and staying in Airbnb residences.
“I had to recognize that there has been assist for me, and I had to recognize I could consider the room I become staying in,” he told Crunchbase News. This can be as simple as understanding the host would display up.
Right now, Mint House operates two hundred residential devices, with some other 200 slated to open in the upcoming summer season, in line with its press release.
Some of its listings may be determined thru Airbnb or Vrbo, in addition to on its personal website. It moreover lists thru traditional hotel reserving web sites like Expedia.Com.
The employer currently has a presence in Denver, Detroit, Indianapolis, Nashville, and Miami, in keeping with its website, with plans to launch in Minneapolis and San Diego “soon.”
Lucas advised Crunchbase News that average, Mint House plans to release in 10 new cities within the coming 12 months. The corporation stated it’ll also use the new capital to further develop its generation and grow its 40-individual personnel.
The market for housing enterprise vacationers without difficulty is a developing one. In March, we wrote approximately how New York-based Blueground, a tech-prepared condo rental business enterprise, had raised $20 million. Founded in Europe in 2013, Blueground officially launched inside the U.S. Closing summer. That employer leases flats and then improvements, and completely furnishes them, making them to be had for renters looking for “turnkey” leases. Blueground commonly rentals residences before they hit the marketplace, with an aim of retaining them for decades. It rentals them to “vetted” renters for 30 days or longer.