Domio curates and operates full-apartment hotels that are typically five times larger than a standard hotel room and about 25% cheaper, targeting millennial groups and families seeking space and consistency. The company secures units in new or recently built properties, then furnishes and manages them under a single brand, achieving 75-78% occupancy versus U.S. hotel averages in the high 60s. Its in-house, data-driven algorithms analyze factors such as consumer search trends, weather patterns, and economic indicators to decide where to launch next. Domio currently operates in 12 U.S. markets, including Miami, Los Angeles, Philadelphia, and Phoenix, and plans to reach 25 markets worldwide within a year. An upcoming mobile app will let guests handle bookings, request services, order room service, arrange transportation, and even purchase furnishings seen in the units. CEO and founder Jay Roberts reports that company revenue tripled over the past year. Prior to the latest raise, Domio had collected roughly $17 million in funding.

Total raised

$112M

Funding rounds

3

Latest round

Series B

Latest activity

Dec 2019