February 25, 2016
If you’ve ever asked the question “where’s the Airbnb for people who don’t like to plan?” I actually have an answer for you. The answer is Overnight, a new mobile-first travel app that connects last minute travelers to hosts who can provide same-day accommodations.
Overnight, which was just an idea until late 2015, has, to date, connected more than 750 last-minute travelers in the Los Angeles area. They are already having some great success for being such a young startup. In fact, they just announced the closing of a $2.5 million seed round led by led by Accomplice and CrossCut Ventures with additional investments from Paul Bricault (Greycroft/Amplify) and Elliott Bisnow (Summit Action Fund).
The app, which has been running in beta in the L.A. area for several months, has already accumulated hundreds of hosts in that market. They’ve also received lots of requests from other markets. With the somewhat serendipitous timing of SXSW, Overnight is announcing their official launch out of beta and into their second official market, Austin, TX.
The company plans to use the recent funding by “making key hires, perfecting the user acquisition funnel, and expanding to seven to eight new markets, starting with Austin at SXSW.” expressed cofounder Asher Hunt.
Here is how the Overnight app works:
- Choose an area: Drop a pin and set a radius, or discover featured locations.
- Request a place to stay: Broadcast a request that will be pushed to hosts in the selected area. Requests should be detailed so hosts know what to expect.
- Hosts respond, then listings are pushed to traveler: Hosts quickly review your profile and your request, then respond by saying “Yes, my place is available” or by privately declining. If made available, a traveler will be notified and can see/book their place.
- Book quickly: Travelers pay directly through the app within seconds of a response. Moving quickly is important to ensure that traveler is able to book with that host before someone else does.
“We’re spending every ounce of our energy solving the problem of same-day stays. We think if we can nail it, we create a step-function change in the frequency in which people travel, and also host” said Hunt in a statement. “I’m extremely excited to be building Overnight alongside world-class co-founders, community-builders, engineers, and investors. And we are very proud to be building this in Los Angeles.”
This platform was built with millennials in mind. It’s probably not something you’ll see your parents using on their next antiquing road trip, but perfect for, say, college kids on a spontaneous trip to catch their favorite band in a different city. What sets them apart is the speed and efficiency of matching requests with hosts.
“Overnight is an alternative model that millennials get in seconds, though traditional hosts require a more personal touch,” describes Hunt. “In the end, we’ve benefitted from this hands-on approach because we get direct feedback from some of our best users.”
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