What is Stay Open?
Stay Open operates a distinctive 12-bed pod hotel situated in Venice Beach, catering to digital nomads, remote professionals, and individuals seeking a blend of community and economical luxury. The establishment features custom-designed sleeper pods, dedicated coworking spaces, and a suite of amenities including a cinema room and a rooftop terrace offering panoramic views. Guests can opt for short-term stays, extended durations, or specialized retreats, supported by adaptable booking arrangements. Stay Open actively cultivates a communal atmosphere, encouraging guest participation in local initiatives and activities within a stylish and productive setting.
How much funding has Stay Open raised?
Stay Open has raised a total of $4M across 2 funding rounds:
Angel/Seed
$2M
Other Financing Round
$2M
Angel/Seed (2020): $2M, investors not publicly disclosed
Other Financing Round (2021): $2M, investors not publicly disclosed
What's next for Stay Open?
The substantial enterprise-level backing positions Stay Open for significant expansion and enhancement of its unique co-living and coworking model. This strategic investment is likely to fuel the scaling of its operations, potentially leading to the development of new locations or the refinement of its existing facilities to further cater to the growing market of remote workers and digital nomads. The company's focus on community building and flexible accommodation solutions suggests a trajectory aimed at capturing a larger share of the evolving hospitality landscape.
See full Stay Open company page
