NEW YORK CITY – Domio, a New York-based technology-powered apartment-hotel brand, has closed a $100 million Series B funding round of equity and debt investments. GGV Capital led the equity round in August 2019. Upper90, a New York-based credit fund specializing in providing growth capital, contributed equity and was the majority debt investor.

Eldridge Industries, 3L Capital, Cain International, Tribeca Venture Partners, Softbank NY and Tenaya Capital participated in the fundraiser. Funds will enable Domio to continue growing its product offering in markets within the U.S. and internationally as well as bulk up its workforce.

Currently, Domio operates in 12 U.S. markets, most recently expanding its footprint into target flagship cities, including Miami, Philadelphia and Phoenix. Founded in August 2016, Domio’s apartment-hotel rooms are five times larger than the average size of U.S. hotel rooms, ideal for groups, families and business travelers, and costs about 25 percent less than traditional hotels.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.