hovelstay.com is a Los Angeles–based marketplace that lists inexpensive and unconventional places to stay for college students. Founded in 2014 by Michael Bolger (CEO), the site requires a verifiable .edu email address to register and book. All listings are priced under $99 and students may book stays ranging from a day to a semester. The service is free to list and monetizes via fees: a 3% booking fee charged to hosts and a 3% merchant-processing fee charged to students. The company is offering an introductory rate, charging property owners 1% per booking through February 1, 2015. hovelstay secured $1.2M in Series A funding.

Total raised

$1M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2014