Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. 2023-01-24. Gores Metropoulos raised $450 million in a January initial public offering. Sonder forecasts their 2025 GAAP revenue to grow to a whopping $4B at a 103% CAGR (2020-2025). Super hack for annoying LinkedIn connection requests, Email can suck less. 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Cash Contribution is defined as operating cash flow before other operating expenses, excluding the impact of restructuring charges, if any. Investor Presentations. Headquartered in San Francisco, they offer a wide variety of accommodation options - from rooms to suites and apartments - available in 35+ markets across nine countries and three continents. Decoding Airbnbs strategic priorities for 2023, Airbnb Attains Yearly Profitability for First Time in 2022, Breaking Records With Most Profitable Quarter Ever, Start using PriceLabs for free for 30 days, Property Management System for Vacation Rentals. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Distributed by Public, unedited and unaltered, on 10 August 2022 21:08:00 UTC. Please try again. 11, 2019 120 likes 116,006 views Download Now Download to read offline Travel Building the next generation hospitality brand with $225 million in new funding. Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. Yet, as the company wanted to grow in markets hostile to short-term rentals, such as New York City, it started adding hotel properties that could be modernized and would comply with local regulations.What Sonder was actually building was a hospitality brand and it could stretch across various property types. The quasi-hotel company Sonder is revolutionizing the short-term rental market space and is on a mission to redefine hospitality by bringing exceptional stays around the globe. Our technology is used by Wells Fargo, U.S. Bank, and over 330 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Its a new way of operating, but may soon be the only way. The Rental Scale-Up vacation rental marketing blog. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. Sonder's system is simple, easy, streamlined, and centralized. Free Cash Flow Margin is defined as Free Cash Flow as a percentage of revenue. Historical Quarterly Financials 237.6 KB. Sonder plans to grow its Live Units supply by 15-fold over the next 5 years, an ambitious goal. The content should not be considered investment advice and is for educational purposes only. Find out , Wunsch Brautkleid Seed Stage Startup Pitch Deck, Yomp pitch deck to raise seed investment , Tao Capital Partners,Valor Equity Partners,WestCap. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. In 2014, Davidson and Lucas Pellan founded Flatbook (later renamed Sonder), and brought the company to Montreal tech accelerator FounderFuel. Nothing wrong here. Activate your 30 day free trialto unlock unlimited reading. As part of its strategy, the company wants to transition to a liability-light business model characterized by revenue sharing and mixed lease agreements. Investor Presentation Template Shai Goldman 260.4k views 19 slides VC Pitch - Presentation template (The 10/20/30 Rule of PowerPoint) davidklein 67.2k views 21 slides SeedInvest Pitch Presentation Template SeedInvest 73.6k views 10 slides Business Plan Pitches Mercury Technology Labs 6.1k views 30 slides Competitive pricing and expert assistance to get you fundraise ready and confident. 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Cleaning is being tracked through Sonders housekeeping app, while all cleanliness standards and protocols have been updated to reassure guests of their safety during their stay. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Sonder pays rent (or utilizes pre-negotiated abatement) and is able to generate revenue from these units. Sonder valuation as of 10/28/2021 and projections as of Q3 2021. 01/30/2023 08:00 AM ET. Also available to guests are amenities such as a lounge, luggage storage, an essentials closet stocked with things like extra toiletries and towels, and in most instances a theater room, gym and co-working space. When used in this presentation, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "proposed," "guidance," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These non-GAAP financial measures should not be viewed in isolation or as a substitute for, or superior to, measures prepared in accordance with GAAP. He owns vacation rentals in St. Barths and Bali. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. But Sonder is able to score well on all 3 dimensions. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> Sonder CEO Francis Davidson (Credit: Twitter, iStock) Hospitality startup Sonder is in talks for a funding round between $150 million to $175 million, The Real Deal has learned . The company's Sonder app gives guests self-service features, simple check-in, and 24/7 on-the-ground support, amenities, and services. Sonder basically takes over well-located apartment developments and hotels to redesign and relaunch them under its tech-savvy brand. For more information, please see the SECs Web Site Privacy and Security Policy. Sonder is showing projected metrics for 2025 that want to match its promises of an upscale positioning at a compelling price point ($220 ADR), great demand generation (77% occupancy), and contained real-estate and operating costs (32% margin on property level). Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. Bookable Nights represent the total number of nights available for stays across all Live Units. It is also powered by a proprietary tech platform which spans the whole guest journey, from booking to check-out. Sonder | Series D Deck Jul. Whether your stay is two days, two months or two years, in a studio or a six-bedroom, Sonder ensures a unique, yet consistent experience. sonder spac investor presentation religious interview questions and answers sharleen spiteri ashley heath . He also leads innovative projects for companies within the vacation rental industry. We've updated our privacy policy. A 24-hour concierge service can be contacted via the Sonder app. Your email address will not be published. In addition to being easy to use, it is also reliable, efficient, and scalable. Average Daily Rate ("ADR") represents the average revenue earned per night occupied and is calculated as revenue divided by Occupied Nights. Exclusive newsletter for rental entrepreneurs. Beverly Hills, CA 90212. This recognizes the economic substance of the payment to real estate owners as reflected in the real estate contract (e.g., if Sonder's Takeover Date, the date on which Sonder receives the keys and is able to begin opening the building, was January 1, 2021 and it had three months of abatement at the beginning of the real estate contract, the Landlord Payments for the building in the first quarter of 2021 would be $0). The tech goes from mapping real-estate opportunities and potential RevPar, running its furniture warehouse, listing properties on OTAs, pricing automation, to housekeeping and maintenance. Third Quarter 2021 Summary Results Presentation (November 2021) Corporate Overview. If approved, the company will be renamed Jet.AI and is expected to list on . For local inhabitants and businesses, the disaster is also economic. Content is subject to change without notice. According to a report published by betakit, Sonder co-founder and CEO Francis Davidson opened up about the acquisition plans in April 2021, and SEC filings confirm that the company reached an agreement with Gores. The company wants to show that it can offer equivalent or better service level at a lower cost thanks to tech and automation. 2019A-2022P Revenue Performance. And with 24/7 on-demand service, crisp linens, and over 200 other quality standards, were taking stay further for guests all around the world. San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 The company is still very much an urban player, but it has a lot of hotels to its inventory of short-term rentals. There are no easily lost keys, no key cards that demagnetize without warning, no rickety or insecure lockboxes, and no annoying issues or concerns that need to be addressed at "Reception." Top 10 slides from Sonder's 2021 investor presentation, as company prepares to go public at a $2.2 billion value | Rental Scale-Up Thibault Masson Thibault is the founder of Rental Scale-Up. Activate your 30 day free trialto continue reading. March 22, 2021. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). Total Portfolio represents Live Units plus Contracted Units. To Partner with Sonder, you can reach them via email on partners@sonder.com, (Source: Sonder and GMII Investor Presentation). . Travel News, Airline Industry News and Hotel Industry News by Skift Minimum 15 minutes delayed. Required fields are marked *. A traditional apartment developer may need a couple of years to stabilize the property. SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options - from spacious rooms to fully-equipped suites and apartments - found in over 35 markets spanning ten countries and three continents. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. For more investment insights, sign up for our email list below and subscribe to our YouTube channel. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. Sonder has not reconciled consolidated Free Cash Flow guidance to projected consolidated GAAP cash provided by (used in) operating activities because we do not provide guidance on GAAP by (used in) operating activities or the reconciling items between Free Cash Flow and GAAP cash provided by (used in) operating activities, as a result of the uncertainty regarding, and the potential variability of, certain of these items. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. The urban short-term rental category was a victim of the COVID-19 crisis. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. Volt does not purport to provide any legal, tax, or accounting advice. 2021 FY Filings 2020 FY Filings . With great beaches and world-famous attractions such as Walt Disney World and Universal Studios, the state attracts many families who book a vacation rental for their stay. The SlideShare family just got bigger. The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. We reserve the right to block IP addresses that submit excessive requests. Peter Thiel on Identifying Disruptive Companies: 10x Better than Competitors. 08/11/2022 08:30 AM ET. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Takeaway: Even with Sonder's phenomenal historical growth (and jaw-dropping estimated future growth), there will still be a LOTof room for even more growth in this core lodging market for many years to come. Sonder features contactless service on its guest app, allowing it to carry out more requests with contract-free service. Each Sonder is purposefully selected, designed and maintained customized to reflect the vibe of its neighbourhood. Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation. Sonder is a hospitality company focused at short-term rentals. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. Investor Presentation. Q3 2022 10-Q. ), how it uses tech to lower costs and design to create attractive spaces higher, how and where it wants to expand from now to 2025. Feel free to reach out to Thibaut Masson on Linkedin. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. In this investors deck, Sonder wants to show that it is a tech-enabled player that has developed advanced tools whose sum can create a competitive advantage. Thibault is the founder of Rental Scale-Up. Travel News, Airline Industry News and Hotel Industry News by Skift Here, Sonder wants to show that its urban properties can catch this wave, as younger people are willing to travel and as international and business travel are still a bit down.This is snapshot which makes sense today. In addition to the very compelling narrative and numbers presented in Sonder's investor presentation, Sonder's strategic advantage relative to both incumbents and potential new entrants makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Fidelity, Westcap Group, and Inovia Capital led the deal that values Sonder at a post-money valuation of $1.3 billiona slight up-tick from its Series D round last July. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. When it comes to comparing its metrics, such as RevPar and operating costs, Sonder is comparing itself to hotels, especially to upper upscale hotels where guest rates and service costs are high. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. Source: Sonder Investor Presentation (Nov 2021) If their 2025 revenue projections are close, using the 2x - 8.6x revenue multiples, their market cap growth from their $2B baseline today would be $8B - $34B in 4 years time. If you love pitch decks, check out the ultimate pitch deck collection here! This is in contrast to Airbnb, which acts as a marketplace between guests and hosts, neither leasing or owning any property. Contacts. Sonder strives to set up shop in a city by absorbing its culture, listening to its needs, and responding accordingly. This is the Sonder Series D Pitch Deck used to raise $225M in total from 13 investors in 2019. Sonder Holdings Inc is engaged in providing hospitality through its tech-enabled services. Webcast. To view our website, you Founded in Montreal, Canada in 2014, Sonder is a boutique apartment-hotel hospitality company that manages short-term rentals in North America, Europe, and Dubai. Learn how your comment data is processed. dMY III Technology Group Acquisition Corp's investor conference call and presentation discussing the transaction can be accessed by visiting www.dmytechnology.com. He also leads innovative projects for companies within the vacation rental industry. It boasts more than 300 properties across 35 markets, in North America (mostly US), Europe and the Middle East (2021 openings: Amsterdam, Charleston, Glasgow, Milan, and Paris). Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Investor Contact Meredith Kaya (617) 599-8178 meredith.kaya@apellis.com. Officially launched in 2014 and headquartered in San Francisco, Sonder is making a world of better stays open to all with a variety of accommodation options from rooms to suites and apartments found in 40+ cities spanning ten countries and three continents. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Download the Sonder app on Appleor Google Play. Due to the company's recent changes to its business model, it may be possible to scale more quickly. All pictures below are taken from Sonder's investor presentation, the entirety of which can be downloaded from Sonder's investor relations page. Through the Sonder app, customers can access everything they need - from booking to interacting with guest services, to checking out - on their own mobile device anywhere, at any time. . - YMAP is a youth-led non-profit organization dedicated to connect youths with opportunities in the field of neuroscience and health sciences. check out the ultimate pitch deck collection here! https://www.rentalscaleup.com/author/thibault-masson/, Vrbo to Switch to Expedia Group Platform in 2023: Challenges and Opportunities. Driven in part by increasing supply from 12k total units (live + contracted) in 2020 to 102k total units in 2025. Sonder is a tech-driven hospitality company offering spaces built for travel and life in cities around the world. Investors should also understand that there is no guarantee that Volts investment strategies or decisions will prove to be profitable. Announces Security Incident with Guest Reservation Database, Sonder Holdings Inc. At the height of the pandemic, direct bookings jumped from 26% to 59%. We're a very locally driven organization, with teams on the ground in cities across the world. Discover key business and financial data (ADR, unit metrics, occupancy, margin, etc. Building the future of hospitality, Sonder has blazed their way into the hospitality business and has been dubbed the unicorn of the industry as much as the Travels Newest Billion-Dollar Brand. -, Sonder Holdings Inc. Reports Inducement Grants under Nasdaq Listing Rule 5635(4), Sonder Holdings Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4), Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. Nasdaq 46 th Investor Conference. 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