Sonder manages short-term rentals, such as apartment hotels, with over 6,300 units in over 35 cities in 10 countries.
The next-gen hospitality brand went public in January 2022 via special acquisition (SPAC) merger with Gores Metropoulos II, trading on Nasdaq under the ticker SOND.
In the process, Sonder raised approximately $310 million in PIPE (private investment in public equity) capital from leading investors, including affiliates of Gores Metropoulos II, Fidelity Management & Research, BlackRock, Atreides Management,, and Senator Investment Group.
Following the closure of the SPAC, Sonder drew upon $165 million in a principal amount of Delayed Draw Notes to fund operations and support new and existing growth initiatives, with up to $450 million in cash in the trust account of Gores Metropoulus II. As of October, Sonder was valued at $1.93B, which was downgraded from the initial $2.2 billion expected valuation.
2022 • Public
Sonder offers fully furnished apartments in travel-friendly neighborhoods in major cities around the world. The company provides residents with the freedom to live like a local while enjoying the comfort and convenience of having everything they need on hand.
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