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WeHo Hospitality Startup AvantStay Raises $20 Million

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WEST HOLLYWOOD (LA Business Journal) — West Hollywood-based hospitality technology startup AvantStay Inc. announced a $20 million Series A financing round led by 3L Capital, a venture capital investor based in Westwood.

AvantStay, which operates a platform to help group travelers find accommodations, announced the raise Sept. 18. The company will use the funding to advance its rental technologies and acquire more properties across the country for clients to rent.

“Every aspect of AvantStay — from the properties, experience and design to the operational technology suite — is raising the bar for how groups travel today, and we look forward to supporting their continued growth and expansion,” 3L Capital Managing Director Dave Leyrer said in a statement.

AvantStay has raised $30 million since launching in 2017. The company operates 150 properties and said it plans to expand into […]

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