Lyric designs, installs and operates a new class of flexible accommodations called Creative Suites that combine workspace, artistic studio elements, and hotel-style amenities. Its suites cater to professionals for stays from one night to over 200 nights. An in-house design team curates each suite and the company emphasizes local partnerships with businesses and makers. All suites are powered by a proprietary software and data platform used for site selection, revenue management, automated background checks, and digital access. Lyric partners with 20 of the top 50 multifamily owners, managers, and developers in the country. The company intends to use the new funding to expand operations and further invest in its proprietary technology and data platform. Lyric is a San Francisco-based company that designs and manages short-term rentals for travelers. It creates and operates accommodations aimed at travelers seeking short-term stays. The firm recently raised $15.5 million in a Series A round. Investors in the round included Fifth Wall, New Enterprise Associates (NEA), AXA Strategic Capital and NFX Guild. The funding was reported by a company spokesperson and in a blog post. The article does not provide additional operating metrics, prior rounds, or detailed future plans.

Total raised

$176M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2019