Casai’s $23M Series A Financing

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Casai on the deal.

Casai, a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America.

The company, which initially was hit as hard by regional responses to the COVID-19 pandemic as other businesses in the hospitality industry, has recovered to reach nearly 90% of total capacity on the 200 units it manages around Mexico City.

The company was co-founded by chief executive Nico Barawid, a former head of international expansion at Nova Credit and consultant with BCG, and chief operating officer María del Carmen Herrerías Salazar, who previously worked at one of Mexico’s largest hotel operators, Grupo Presidente.

The Gunderson deal team was led by Dan Green (Picture) and included Bradley Krack, Lily Kim, Josh Ephraim and Javed Basu-Kesselman.

Involved fees earner: Javed Basu-Kesselman – Gunderson Dettmer; Joshua Ephraim – Gunderson Dettmer; Daniel Green – Gunderson Dettmer; Lily Kim – Gunderson Dettmer; Bradley Krack – Gunderson Dettmer;

Law Firms: Gunderson Dettmer;

Clients: Casai;

Author: Ambrogio Visconti