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Stay Alfred

Offered hotel-style accommodations in high-end downtown apartment buildings in downtown locations.

Categories

Travel, Hotel & Restaurants, Lifestyle,

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Reasons for Shutdown

Covid-19 Pandemic

Failed to fundraise further due to the pandemic.

The founder and his leadership had been seeking new funding of up to $30 million as recently as March but the global lockdown caused by the coronavirus pandemic, coupled with investor interest failing to materialise into an offer, forced the startup’s hand.
At the end of March, the startup confirmed it was closing its properties across the United States for eight weeks from 1 April to limit the spread of the coronavirus.
An undisclosed number of employees were also furloughed, five months after it downsized its team by ten per cent in order to streamline operations.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Image	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
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Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		Nine Four Ventures	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.	Thomas Simpson	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.	Jon Wood	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
3.	Jordan Allen	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
4.	Brian Sheppard	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
5.	Nancy Allen	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	5 Oct 2018	Series A	USD 47M	-	-		-	1	-	-	-	Completed
2.	2 Oct 2018	Private Equity Round	USD 40.37M	-	-	USD 40.37M	Equity,	4	5	-	-	Completed
3.	13 Jan 2017	Series B	USD 15M	-	-	USD 15M	Equity,	2	5	-	-	Completed