Stay Open closed a $2M seed funding round led by a European family office. The company will use the funds to expand its technology, brand and operations platform to develop pod hotels and co-living residences. Based in Los Angeles and founded by Steve Shpilsky, Andrew Swerdloff and Alex Morrise, Stay Open converts unused commercial space into tech-first, design-forward properties that encourage social connection. It plans to launch initial properties in San Diego and Los Angeles, beginning with a co-living beta site in Venice in early 2021 and followed by full-service pod hotels and co-living residences across the U.S. Pod hotel designs will vary by location, from one-story commercial spaces to modern multi-story properties with rooftop bars and lounges; each hotel will include at least 10 rooms with 4 to 8 private sleeping pods per room and roughly 10 private king and queen rooms. All properties will feature food and beverage amenities, common areas for work or play, high-end shared restrooms, complimentary WiFi and integration with a custom app to match guests and introduce local experiences.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2020