We’re very pleased to announce that we have raised US$6 million in new funding. Since our early days in 2017, we have raised over US$10.5 million in total.
The funding will be partially used to expand our global workforce across 2021 and to further strengthen the agility of our team who will continuously be evaluating scaling priorities based on fast-paced market developments paired with exhaustive market research into shifting traveler patterns.
While the travel industry had suffered extensive furloughs and layoffs, we maintained our workforce and continued to expand with new hiring largely thanks to our diversified accommodation network that ensured local bookings, thus maintaining a healthy operating performance due to “lockdown fever”.
After having launched the #PlanNowStayLater campaign in April 2020 in response to the worldwide COVID-19 lockdowns, CuddlyNest witnessed an increase in local travel booking volume affirming a strong interest in the staycation until all national borders are open for global tourism.
With the upcoming launch of our enhanced platform upgrade on Thanksgiving Day 2020, CuddlyNest will be connecting travelers to millions of properties around the globe.
About CuddlyNest:
The Orlando-based CuddlyNest is a fourth-year startup offering accommodations at millions of properties all around the world at unbeatable prices. Its innovative booking fee-sharing model has been the key to its success. With the lowest aggregate commission fee in the market, it allows property owners and managers at all types of accommodations to take charge of their earnings while providing guests with the lowest booking price in the market. Whatever the budget and traveler’s appetite, there is an accompanying accommodation to match it. Short Stay. Long Stay. Your Stay.
Also read: Travel Advice During the Coronavirus
Also read: CuddlyNest Introduces COVID-19 Cancellation Policy
