Sonder to open second HQ in Canada with close of $275 mln Series D
Montréal-born hospitality brand Sonder has raised about $275 million (US$210 million) in a Series D financing led by Valor Equity, Westcap and Nicolas Pritzker, all new investors. The round values the business at more than US$1 billion, according to a news release. Other first-time backers of the deal include Canada’s Inovia Capital, which earlier this year raised US$600 million for new venture and growth-equity funds. Founded in 2012 by CEO Francis Davidson and COO Lucas Pellan, Sonder has its headquarters in San Francisco, relocating from Montréal in 2017. As part of the Series D, the company said it will open a second global HQ in Canada.
11 July 2019•2 mins read
