AvantStay has landed a $5 million funding round from large group of investors led by Ballpen Capital.

The company has created a platform to enable group bookings on high-end private accommodation rentals in the U.S.

It was formed in September 2016 and has 300 rooms across 60 properties.

The latest round, a Series A investment, saw participation from F-Prime Capital, Zeno Ventures and Convivialite Ventures.

Previous backers of a $1 million seed round in late 2017, Abstract Ventures and Presidio Bay Ventures, also contributed.

The money will be used to expand the network of available properties to 200 properties and over 1,000 rooms by the end of 2019, the company says.

It claims to be collaborating with Airbnb on technology and policy initiatives.

Co-founder and CEO Sean Breuner said, "AvantStay is setting a new standard for short-term rental brands by mixing technology and traditional hospitality with a millennial flair to empower groups to have amazing experiences, from quickly booking a hotel-grade property in just a few clicks to enjoying all of the in-home activities that make each experience special."
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Source: PhocusWire