On July 16, 2019, Sonder, a company redefining the hotel experience through inspiring design and modern service, announced the closing of a US$225 million Series D financing round. The financing allowed Sonder, a company created in 2015 as part of Fasken’s Startup Program, to achieve a valuation of more than US$1 billion and to achieve “unicorn” status. The Series D financing round was co-led by Valor Equity, WestCap and Nicholas Pritzker (through Tao Capital Partners). A number of new investors and returning investors also participated in the financing round.
Sonder operates nearly 8500 units in over 20 cities worldwide.
Christian Jacques, Jean-Nicolas Delage, Matthew Quadrini and Louis Lespérance have supported the company in its ongoing success, including through this Series D financing round.