Wander raises $50 million for company growth

US: Wander, a luxury short-term rental company with more than 1,000 properties worldwide, has raised $50 million in its second round of funding.

The company said the funding will be used to support its expansion and to invest in its artificial intelligence-powered operating system, WanderOS. The fundraising round was led by QED Investors and Fifth Wall, with participation from Redpoint Ventures, Starwood, Breyer Capital, Uncork, and returning investors.

Dan Wenhold, partner at Fifth Wall, said: “The short-term rental market represents a massive and under-optimised asset class, and Wander is uniquely positioned to lead it into its next chapter. By combining premium inventory, a trusted brand, and category-defining software, Wander is setting a new standard for consistency and scale in a historically fragmented space – delivering an end-to-end, high-touch, high-quality experience.”

Wander CEO John Andrew Entwistle described the funding as an “inflection point” for the company.

Entwistle said: “A thousand locations is just the start. We see more than 300,000 Wander-worthy homes worldwide. With this new funding, we’re laser-focused on building a platform where you can find your happy place.”

In addition to this latest round, Wander previously raised $20 million in 2022 and $7 million in 2021.

Highlights:

• Wander, a luxury short-term rental company, has raised $50 million in its second round of funding.

• The funding will support the company’s expansion and investment in its artificial intelligence operating system, WanderOS.

• The round was led by QED Investors and Fifth Wall, with participation from Redpoint Ventures, Starwood, Breyer Capital, Uncork, and returning investors.