Sonder was a technology-driven, globally distributed hospitality company that operated premium, design-forward apartments and intimate boutique hotels serving modern travelers. Founded in Montreal in 2014 as Flatbook and relocated to San Francisco, Sonder combined curated properties with professional property management and seamless technology. The company went public via SPAC merger with Gores Metropoulos II in January 2022 (NASDAQ: SOND) at a $1.9 billion valuation. Sonder generated approximately $620 million in revenue in 2024 before filing for Chapter 7 bankruptcy and ceasing operations in November 2025 following Marriott International's termination of their strategic licensing agreement.
Sonder is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
1–10
Total Funding
$522M
5 rounds
Last Private Valuation
$1.3B
Jun 25, 2020
Nasdaq delisted Sonder's common stock effective Jan 30, 2026, after Nov 2025 suspension following the bankruptcy filing.
No public trading venue; secondary liquidity effectively eliminated.
Filed Chapter 7 bankruptcy, began immediate wind-down of US operations after Marriott ended licensing deal.
Equity holders likely wiped out; company liquidating, not a going concern.
Co-founder & CEO Francis Davidson resigned and left the board; chair Janice Sears named interim CEO.
Leadership vacuum months ahead of the Marriott collapse signaled prior distress.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $522M across 5 rounds
Last updated 09-03-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 25, 2020 | Series E | $170M | $1.3B | Fidelity, WestCap, Inovia Capital |
| Jul 11, 2019 | Series D | $225M | $1B | Valor Equity Partners, WestCap, Tao Capital Partners |
| Aug 23, 2018 | Series C | $85M | — | Greylock, Greenoaks, Spark Capital |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series D
$1B
Jul 2019
Sonder today
$1.3B
Jun 2020 · latest mark
Sonder multiple
1.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Janice Sears
Interim CEO (final officer; company in Chapter 7 liquidation since November 2025)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Airbnb
Peer-to-peer short-term rental platform with global reach and significant brand recognition; distinct from Sonder's curated, professionally-managed model
Vacasa
Full-service vacation rental management company operating approximately 40,000 properties across North America; offers centralized pricing and distribution
Evolve
Hybrid half-service model vacation rental platform charging approximately 10% of booking revenue; alternative to full-service and peer-to-peer models
Mint House
Direct competitor in the aparthotel and premium short-term rental space
Domio
Premium aparthotel and short-term rental operator targeting business and leisure travelers
Lyric
Short-term rental and aparthotel operator in the premium accommodations space
Sonder Holdings went public via a SPAC merger with Gores Metropoulos II that closed on January 18, 2022, trading on the Nasdaq Global Select Market under the ticker SOND. After Marriott International terminated its licensing agreement on November 9, 2025, Sonder announced an immediate wind-down of operations on November 10, 2025 and filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware on November 14, 2025 (case 25-12040). Nasdaq suspended trading in the shares on November 24, 2025 and removed them from listing effective January 30, 2026, so the stock no longer has a public trading venue.
Sonder shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Sonder had a valuation of approximately $1.3B at the time of its public offering. Current market capitalization fluctuates with the share price.
Sonder raised $522M across 5 disclosed funding rounds prior to its public listing.
Sonder is headquartered in San Francisco, CA, United States.
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