Wander, situated in Austin, Texas, has secured a $20 million Series A round-headed by QED Investors, increasing its total funding to $27 million.
Additional investors include Redpoint Ventures, Authentic Ventures, Fifth wall, Susa Ventures, Kevin Durant and Rich Kleiman’s Thirty-Five Ventures, Packy McCormick, Sahil Bloom, Todd, and Rahul’s Angel Fund, Alumni Ventures, Vibe Capital, a16z, and others.
The funds will be used to buy new homes to add to the company’s portfolio, which presently comprises five properties in California and Oregon.
“Our goal is to build the infrastructure to experience the world,” says John Andrew Entwistle, founder, and CEO of Wander. “We’re scaling rapidly to meet the demand of our more than 30,000 community members, with dozens more properties coming soon. We’re already seeing our vision for the future take shape.”
Wander claims to be able to meet the needs of travel enthusiasts and those who can work from remote areas by providing a dependable, high-quality stay that is suitable for work, complete with wi-fi networking equipment, indoor and outdoor workstations, large screen monitors, standing desks, professional microphones, and more.
Each Wander home also comes with “state-of-the-art automation technology” so guests can use the Wander app for unlocking doors, controlling lights, and “even accessing the Tesla that comes with each Wander home.” Homes currently on the platform also include wellness amenities such as a Peloton bike, Hydrow rowing machine, and a treadmill and most have hot tubs and saunas.
Wander says it also provides “complete price transparency” with no hidden fees and taxes included in the nightly rate.
Wander says “it will soon launch Wander For Teams, enabling companies to offer Wander credits as part of their benefits package”.