Standard Hotels Spins Off One Night Booking App: Travel Startup Funding This Week

This week travel startups announced more than $8 million in funding. >>One Night, a mobile app for same-day bookings at independent hotels, has raised $5 million in Series A funding. The app offers stays at more than 200 hotels in 15 U.S. cities, plus in London and Bangkok. Swan and Legend, a venture capital firm, led the round. This is the first external venture investment in the business. Hotel company Standard International incubated the business and provided the initial capital. Now Standard Hotels has spun off One Night, with Jimmy Suh, who is leading its operations