Leading Short-Term Apartment Rental Startup Frontdesk Secures $6.

8 Million
Series A Financing Round

Milwaukee, WI, April 28, 2020 --(PR.com)-- Founded in 2017, Frontdesk, the tech-enabled short-term
apartment rental startup transforming the way people experience travel, announced it has completed a
$6.8 million Series A raise in a combination of debt and equity. This financing comes on the heels of the
company’s $2.75 million bridge round, raised in summer 2019.

“Before the coronavirus crisis, we always felt that we had the most supportive investors imaginable,” said
Kyle Weatherly, Co-Founder and Chief Executive Officer. “Now we are absolutely certain of it. Not only
did they make good on their initial commitment, but they increased it by almost $3 million. This provides
us the capital to not only survive the crisis but it will also allow us to accelerate our growth again when
travel rebounds.”

Frontdesk’s focus on sustainable growth is another key contributor in helping the company weather the
coronavirus crisis. The company is not immune to the effects of the virus, having recently laid off 35 of
its 241 employees; however, Frontdesk already sees positive indicators of increased travel demand. The
company hopes to rehire those employees, in addition to dozens of new employees, this summer.

“We are opening a new chapter of Frontdesk history,” said Jesse DePinto, Co-Founder and Chief Product
Officer. “We may have been the underdog before, but now Frontdesk is positioned to be an industry
leader. We would not be here today if it wasn’t for the dedication of our employees, the faith of our
investors, and the support of our real estate partners.”

The Comforts of an Apartment with the Conveniences of a Hotel

Frontdesk currently operates in 28 cities with over 500 fully-serviced apartment suites. Unlike vacation
rentals, Frontdesk manages the entire guest experience from end to end, from their in-house technology
stack to the in-house cleaning operation. Frontdesk proudly boasts an average of 4.8 out of 5.0 guest
review score on their over 60,000 stays to date, ranging in length from 1-night to 6-months. Their spaces
are on average 3x the size of a typical hotel room, offering more space and comfort to their guests.

"This place was amazing. I’m still impressed with how big it was," said Frontdesk guest Anna. "The
location was perfect, it was close to everything we needed. Communication was spot on and available at
any time you needed it. We would go back in a heartbeat!”

About Frontdesk
Founded in January 2017, Frontdesk is a tech-enabled short-term apartment rental startup based in
Milwaukee, WI with over 500 suites in 28 cities across the United States. Gone are the days of having to
stay in a stuffy, small hotel room in an unwanted part of town. With Frontdesk, you are able to STAY
WHERE YOU WANT®, and enjoy the conveniences of a hotel with the comforts of your own apartment.

Frontdesk suites always include:

- Professional Cleaning

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- Secure Self Check-in
- 24/7 Online, Text, and Phone Support
- Available On-Site Support
- High-Speed Wi-Fi
- Kitchen & Bath Essentials
- Premium Linens & Towels
- Smart TV with Streaming

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Contact Information:
Frontdesk
Alicia Haugen
414-209-0102
Contact via Email
stayfrontdesk.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/811338

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