Homesuite is a Palo Alto, CA–based company that filed a private equity financing. The article and the Form D do not describe the company's core product or business focus. The filing reports a $10.46 million equity offering. As of the Form D dated August 5, 2015, Homesuite had sold $10.04 million, equal to 95.94% of the round. About $424,848 of the offering remained unsold and the financing had not closed. The stated reason for the financing was unspecified in the filing. HomeSuite matches users to furnished and corporate housing for stays that fall between short-term rentals and year-long leases. Users typically sign leases of four to five months. The company vets every landlord and verifies each unit is fully furnished, including linens and kitchen utensils, and secures leases for less than a year. HomeSuite charges a percentage of the user’s first payment (about five to ten percent), with the fee decreasing on more expensive units. Officially launched in January after mostly bootstrapped testing in 2014, the startup is adding units in response to demand. Early expansion is concentrated in Palo Alto, Mountain View, and the central corridor of San Francisco. The company raised $2.3 million to support growth.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2015