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
1,400–1,450
Total Funding
$73M
6 rounds
Latest Valuation
$1.93B
January 18, 2022
Total raised $73M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
SPAC merger / de-SPAC (Gores Metropoulos II)
Date
January 18, 2022
Amount
$310M
Valuation
$1.93B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 18, 2022 | SPAC merger / de-SPAC (Gores Metropoulos II) | $310M | $1.93B | Gores Group, PIPE investors |
| June 25, 2020 | Series E | $170M | $1.3B | Fidelity, WestCap, Inovia Capital |
| July 11, 2019 | Series D | $225M | $1B | Valor Equity Partners, WestCap, Tao Capital Partners |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series D
$1B
Jul 2019
Sonder today
$1.9B
Jan 2022 · latest mark
Sonder multiple
1.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Francis Davidson
Co-Founder & CEO
Martin Picard
Global Head of Real Estate
Sanjay Banker
President & CFO
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 SPAC merger with Gores Metropoulos II, which closed on January 18, 2022, trading on NASDAQ under ticker SOND. The company filed for Chapter 7 bankruptcy on November 14, 2025, following Marriott International's termination of its licensing agreement on November 9, 2025. The company is expected to be delisted from NASDAQ.
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 $1.93B at the time of its public offering. Current market capitalization fluctuates with the share price.
Sonder raised $73M across 6 disclosed funding rounds prior to its public listing.
Sonder was founded by Francis Davidson in 2014.
Sonder is headquartered in San Francisco, CA, United States.
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