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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald