HotelTonight, the mobile app/service that provides iPhone and Android users with deeply discounted same-day hotel deals, raised $9 million in Series B round of financing. The new money comes on the heels of the Series A round, when the company managed to raise $3.25.
Battery Ventures led the round while existing investors, Accel Partners and First Round Capital, also participated. Accel Partners will assume a seat on the board and Dave Morin will join as an advisor.
HotelTonight launched in January of this year and has been downloaded more than 1,000,000 times. Its service is available in 28 cities and will be in 35 markets by the end of the year, including Orange County, Portland, Salt Lake City and Santa Barbara. Unlike traditional online travel agencies, HotelTonight can offer deep discounts of up to 70% on same-day bookings by working with a select group of over 600 leading hotels. In less than 10 seconds, travelers can book exclusive handpicked deals…
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