Monday, August 27, 2018

Sonder Snags $85M For Lease Management

San Francisco-based Sonder, which helps institutional owners, REITs, boutique and family office firms, and developers lease out their real estate, has raised $85M in a new funding round, the company said last week. The funding was led by Greenoaks Capital, and also included Greylock Partners, Spark Capital, Structure Capital, and Harbourvest. Sonder says that it signs multi-year leases as the anchor tenant in mixed-used developments. The company then handles subleasing of those properties to others.