Hospitality Startup Sonder Raises $170 Million At A $1.3 Billion Valuation During Covid-19 Travel Collapse

Despite damage Covid-19 has inflicted on the travel and hospitality industry, home-sharing startup Sonder has raised $170 million to expand to new locations.

The demand for temporary housing has come from college students shut out of dorms, workers looking for better work-from-home set-ups, and families in between moves. The apartments have also been a refuge for frontline medical workers looking to avoid infecting their families, and customers escaping Covid hot-spots for cities less hit by the virus...