Overview

Mint House offers fully equipped apartments for short-term stays, primarily targeting business travelers and extended-stay guests. The company leases high-quality apartments in prime urban locations and transforms them into rental units that provide hotel-like amenities with the comfort of home. Guests can book their stays and manage their experience through a proprietary app, which facilitates virtual check-ins and 24/7 guest services. Mint House stands out from competitors by focusing on technology and customer service, ensuring a seamless experience for users. The goal of Mint House is to redefine the hospitality industry by providing a flexible and comfortable lodging option at competitive prices.

Simplify's Take

What believers are saying

• Mint House benefits from the growing demand for contactless, tech-driven hospitality solutions.
• The rise of 'bleisure' travel increases demand for Mint House's extended stay offerings.
• Remote work trends boost demand for Mint House's flexible, workspace-equipped accommodations.

What critics are saying

• Increased competition from tech-driven startups like Sonder could erode Mint House's market share.
• The acquisition of Locale may pose integration challenges affecting service quality.
• Reliance on technology increases vulnerability to tech failures impacting customer experience.

What makes Mint House unique

• Mint House offers tech-driven, apartment-style accommodations with hotel-like amenities.
• The company provides a seamless experience through its proprietary app for bookings and services.
• Mint House's focus on business travelers and extended stays sets it apart in urban lodging.

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Funding

Total Funding

$79.8M

Above

Industry Average

Funded Over

2 Rounds

$35,000,000

Series B

May 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$35M

$45M

$65M

$100M

View all funding stages