Intel, Index back onefinestay

The transaction is the first in the consumer internet space for Intel Capital, which usually focuses on technology investments. 

Marcos Battisti, managing director for western Europe and Israel at Intel Capital, told unquote": "The company has so much growth; it's already profitable. The growth rate is one that I've never seen before, it's impressive. It's not very often you look at a company and say this could have the potential to go public, but onefinestay is one such company."

Founded in 2010 and based in London, onefinestay allows users to book short-term rental accommodation in homes in London, New York, Los Angeles and Paris.

Index led a $3.7m series-A round for the firm in 2011, with co-investment from ProFounders Capital, according to unquote" data. The following year, Canaan Partners led a $12m series-B round for the company, with the support of existing backers. The round was designed to support the international expansion of the firm, with a particular focus on New York.

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• Topics
• UK / Ireland
• Consumer
• Expansion
• United Kingdom
• Index Ventures
• Intel Capital