2024-06-04
Night Inn
nightinnexperience.comHeadquarters
New York, NY
Employee Count
2
Year Founded
2021
Amount raised
$200k angel round
Business model
20% take rate on all bookings
Early traction
$618K GMV in 2023, $117K net revenue, forecasting $1.5M GMV in 2024, 85% retention for real estate clients, 50% for corporate clients​​ which include Blackrock and Deloitte
Investors
Riverside Ventures, TBD Angel Syndicate, Various Hospitality Angels
Businesses and brands spend billions on outsourced hospitality activations and services, yet struggle to connect with high-quality talent.
Challenges include:
Identifying top-tier chefs, sommeliers, mixologists, and entertainers.
Booking difficulties due to inconsistent communication and diverse vendor requirements.
Operational inefficiencies such as a lack of standardized processes and scheduling conflicts.
This week’s company provides a freelance marketplace connecting hospitality talent with clients.
Night Inn is a centralized marketplace to find freelance hospitality talent for elevated experiences.
Centralized: The all-in-one platform streamlines communication and operations, ensuring efficient processes from experience building to client booking to payments.
Elevated: Night Inn connects top-tier hospitality talent like chefs and sommeliers to corporate businesses, allowing professionals to run a lucrative freelance business outside of their bars and restaurants.
Bulleted Version
Market: The U.S. corporate events market is valued at over $100B, with trends shifting toward a freelance economy, as 39% of the US workforce is already participating.
Lucrative for Talent: Night Inn’s early talent on the platform earns significantly more than working traditional restaurant hours, even after the 20% take rate
Solving Talent Discovery: Night Inn addresses a significant problem by providing a streamlined platform for businesses to find and book top-tier hospitality talent, which is typically fragmented and hard to access​​.
Niche: Night Inn’s business model is booking-dependent, which, given the company’s niche focus, could limit explosive growth and predictive revenue.
Limited Reach: While Night Inn offers a valuable service, its corporate user base may not yield the network effects needed for rapid expansion across geographies.
Luxury: As a luxury service for B2B and high-end clients, Night Inn’s offerings could be among the first to be cut during economic downturns or corporate budget cuts.
Experiences: Part of Airbnb.
Peek: Backed by Great Oaks Venture Capital, Velo Partners, 12BF Global Ventures, SV Angel.
Viator: Backed by Technology Venture Partners, Carlyle Global Partners.
WhyNight Inn
By providing an all-in-one platform to connect B2B clients with top-tier hospitality talent, Night Inn is setting the table for a new era in the corporate events industry.
*Nothing in this content constitutes investment or legal advice. Conduct independent diligence and consult professional advisers before making investment decisions.*
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