Luxury short-term rental company Wander has raised $50 million in its Series B round. The company said funding will be used to foster expansion and continue investing in its artificial intelligence (AI) operating system, WanderOS.
Funding was led by QED Investors and Fifth Wall. Redpoint Ventures, Starwood, Breyer Capital, Uncork and other returning investors also participated.
John Andrew Entwistle, CEO of Wander, called the funding an “inflection point” in a video announcing the news. Founded in 2021, Wander operates 1,000+ locations and aims to provide hotel-quality rental stays.
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“A thousand locations is just the start,” said Entwistle. “We see more than 300,000 Wander-worthy homes worldwide. With this new funding, we’re laser-focused on building a platform where you can find your happy place.”
Dan Wenhold, partner at Fifth Wall, said his team is proud to continue to support Wander.
“The short-term rental market represents a massive and under-optimized asset class, and Wander is uniquely positioned to lead it into its next chapter,” Wenhold said.
“By combining premium inventory, a trusted brand and category-defining software, Wander is setting a new standard for consistency and scale in a historically fragmented space—delivering an end-to-end, high-touch, high-quality travel experience”
Wander raised $20 million in a Series A round in 2022 and also raised $7 million in 2021.