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Announced

Completed

WestCap, Inovia Capital and Fidelity led a $170m Series E round in Sonder.

Financials

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Transaction Value£136m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

United States

Single Bidder

Private

Venture Capital

Acquisition

Completed

commercial real estate

Private Equity

Friendly

office real estate

Minority

Domestic

Synopsis

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WestCap, Inovia Capital and Fidelity led a $170m Series E round in Sonder, a tech-driven hospitality company offering spaces built for travel and life. "It's pretty extraordinary given the situation. We pivoted our strategy toward temporary housing, took measures to get to a good financial place and a position to bounce back rapidly on the upswing,” Francis Davidson, Sonder Co-Founder and CEO.

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