Jason Del Rey

Recent Posts by Jason Del Rey

HotelTonight Books $45 Million Investment, Led by Hedge Fund Coatue Management

Last-minute hotel-booking service HotelTonight has landed a huge Series E funding round of $45 million to help spur geographic and staff expansion, with the hedge fund Coatue Management leading the round. GGV Capital is investing in HotelTonight for the first time, while past investors Battery Ventures, First Round Capital and Accel Partners participated, as well. This is the first lead investment for Coatue’s new fund focused on privately held technology firms, after building its name on investments in publicly traded companies. HotelTonight has now raised more than $80 million.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus