Short-term rental property manager WanderJaunt ceased operations.
An announcement on a Wanderjaunt customer service phone line said that “due to the current economic situation” Wanderjaunt is permanently closing on Thursday, June 30, and ceased operations Tuesday.
Guests with bookings that had checkouts by Thursday could complete their stays, the announcement said, and those with stays running after that should vacate the properties by June 30.
The company said it would process refund requests but customers should contact their credit card companies with any difficulties.
Guests who booked Wanderjaunt properties on Airbnb should contact Airbnb, the announcement said.
Co-founded by Michael Chen, Barrett Glasauer and Andres Green, the property manager, launched in 2016 in the San Francisco Bay Area, had raised $37 million from investors including Global Founders Capital, Founders Fund, Khosla Ventures and Bossanova Investmentos.
WanderJaunt entered into long-term leases with developers, and distributed its rentals on Airbnb and other third-party websites. It was trying to build a brand.
Skift is reaching out to the company for comment.