WanderJaunt operates and manages short- and long-term rental properties, hosting travelers for both short and long stays. The company launched in Austin and has grown to over 100 properties in Austin while operating close to 250 properties in the Phoenix metro. Since its Series A, WanderJaunt says total stays have increased by over 500%. With the latest financing the company has raised over $25 million in total. The Series B proceeds are intended to deepen its presence in existing markets and to support a plan to operate in four U.S. markets by the end of 2019. To support growth the company is expanding teams in San Francisco, Phoenix, and Austin; founders Michael Chen, Andrés Green, and Barrett Glasauer remain involved and note the business is operationally intensive. WanderJaunt manages and furnishes short-term rental homes and advertises a consistent, branded experience across listings on platforms like Airbnb, VRBO and TripAdvisor. The company strikes vendor partnerships (for example, Leesa Sleep) to standardize amenities and uses that consistency as an external verification badge. Property owners can engage WanderJaunt via lease takeovers or a commission model; the company handles furnishing and guest servicing. WanderJaunt has hosted 700 people across 200 stays and reports a very respectable net promoter score. The long-term plan is to buy properties and build datasets and pricing models to re-price home values for short-term rental potential, aligning it with startups like OpenDoor and Knock. The team was previously bootstrapped and says it aims to keep operations profitable on a unit basis while scaling; initial rollout is in Phoenix and Scottsdale, Arizona.

Total raised

$17M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2019