The company said, “It means that we can keep our energy where it belongs: on rebuilding the website and enhancing our mobile apps so that they better support our community. This financing gives us the time we need to approach that project carefully and strategically.
“$15m gives us enough money to maintain our current staff and add new employees without needing to worry about our finances. Which is great, because there are two things we know for sure right now.
“Our priority is to make sure that we’re serving the community as best we can. And we now have enough money in the bank that we can give that our full attention.”
Jonathan Teo of General Catalyst Partners will join the firm’s board of directors, and has also been a CouchSurfing member since 2009. He said, “I’ve had a number of meaningful connections with people and places around the country and around the world thanks to CouchSurfing,” he says. “I know that the talents and resources of the General Catalyst team can help bring the same inspiring experiences to even more people.”
Other backers included Shervin Pishevar of Menlo Ventures, who has participated in funding other sharing economy organisations, such as TaskRabbit and Getaround, and existing investors Matt Cohler at Benchmark Capital and Todor Tashev at Omidyar Network.
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