Today, we’re announcing that Sonder will be going public through $GMII, delivering $650M of proceeds at a $2.2B EV. It's been an epic 7 years, from getting started in a basement in college to where we are today, but here’s why I'm even more excited about what’s ahead. 👇
Francis Davidson
633 posts
Joined September 2014
- Inside my journey dropping out of college in Montreal, growing a hospitality disruptor out of the Bay Area, going through the worst crisis the industry has ever faced, to now entering the public markets as $SOND.
- 1/ A lot’s been said about growth companies seeing their valuation go down 90%+ in the last couple of years, but little’s been shared about what’s going on inside. As the CEO of a young public company whose market cap went from $2.2B to $100M in a year, here are my observations:
- Inside how we went from a basement to a $1.1B company in five years.
- We decided to publish the deck we used to raise our 225M Series D, valuing Sonder at >1B. slideshare.net/EmilyAnnHodges…
- Thrilled to announce Sonder's long term strategic licensing agreement with Marriott, as well as ~$146 million in additional liquidity. Thank you to the Sonder team, our board, advisors and Marriott for making this happen. I couldn't be more excited about this new chapter.
- After 11 years of blood, sweat and tears – my time as Sonder's CEO has come to an end. Building a company from the ground up has been more rewarding, but also more challenging that I could have ever imagined.
- Sonder went public in January. Since then: - The stock market saw the worst YTD decline since 1939 with our share price dropping by more than half. - 2 years into COVID, Omicron reverted the recovery of urban travel. This is on top of the unprecedented crisis since March 2020
- Proud to announce our $170M Series E. These last few months were insanely challenging, but what the team pulled off has been nothing short of extraordinary. Occupancy is back at 80%, and the need for a new kind of hospitality company is greater than ever. forbes.com/sites/stevenbe…
- 5 months ago when I left Sonder there were positive trends across the business. I fought for its success day and night for 11 years, 5 of which were after a pandemic that should have crushed us, but against all odds didn't. Can't believe this is how it ends.
- 1. At first we thought Delta would put a serious dent in travel demand... Happy to announce that Sonder knocked Q3 out of the park. Revenues at $67.5M for the Q, up 155% from last year and 43% from last Q.
- Replying to @FDavidsonT7/ Finally, we’re using this moment to double down on our culture. Some say it shouldn’t be a priority right now, but we believe that it’s when execution needs to be at its best that culture matters most. You can find our culture deck here: blog.sonder.com/news/sonders-c…
- What a surreal moment, ringing the Nasdaq opening bell alongside the Sonder senior leadership team. So proud of what we’ve accomplished. And watch out for what’s to come – we’re just warming up!🐦 @SonderStays + @Nasdaq = the future of hospitality. 🎉 $SOND is reimagining hospitality through innovative, tech-powered service and accommodations combined into one seamlessly managed experience. #NasdaqListed








