A Panama-based startup that mixes high-end hotel units with multiple bed dormitory rooms, coworking space and local eateries in the same building, Selina, raised $100 million in funding this week, the company announced.
Selina, which operates more than 22,000 beds in 46 countries and recently started an expansion in the United States, has already pulled in $225 million in funding and counts WeWork founder Adam Neumann as a previous investor. The Series C round, led by Access Industries with Grupo Wiese and Colony Latam Partners participating, puts the startup at an $850 million valuation, according to a Selina press release.