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Private Equity
atreidescapital.com

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Investments

3

Portfolio Exits

1

About Atreides Capital

Atreides Capital is a Houston, Texas basedprivate equity financing firm.

Atreides Capital Headquarter Location

1010 Lamar St. Suite 1040

Houston, Texas, 77002,

United States

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Latest Atreides Capital News

Sonder valued at $1B following $210M Series D round

Nov 15, 2019

Hospitality brand  Sonder  is claiming unicorn status after closing a Series D round of $210 million. Investors in the round - which puts the company at $400 million in total funding and a valuation of more than $1 billion - include Fidelity, Valor Equity Partners, Atreides Capital, ARod Corp and the Pritzker family (through Tao Capital Partners), as well as existing investors Spark Capital and Greenoaks Capital. Sonder, which manages short-term rentals with hotel-like amenities, says an additional $15 million in investment will arrive over the coming weeks from “select developer” partners; it previously raised an  $85 million Series C round  in August of last year. Sonder co-founder and CEO Francis Davidson says the capital will be used to “accelerate the amazing growth we’ve seen so far,” and the concept plans to expand to major cities across Europe, the Middle East and Latin America over the next 12 months. In the past quarter, Davidson says Sonder has added about one new building a day, and in total, its portfolio has increased by about 3,000 spaces. The Phocuswright Conference is for three days - here's your daily bulletin for the other 362! Subscribe to the PhocusWire newsletter below Submit “In just one day last month we added 560 units, which is larger than the entire portfolio of many other companies. Sixty percent of our current units are in locations where we occupy the entire building, and now we’re looking to do even larger deals,” he says. Sonder currently has 8,500 spaces, which it leases, designs and supports, signed across 26 cities in six countries. By the end of the year, it projects $400 million in revenue, which is four times that of last year. “Our raise and now billion-dollar valuation underscores the strength of the business and the rapid shift taking place within the accommodations industry. Our vision for travel is making beautiful, well-designed spaces accessible to everyone with technology,” Davidson says. “We’re far more efficient than traditional hotels while also providing a unique space that’s flexible enough to meet everyone’s needs. Whether you’re traveling on your own, with your family or with friends, you’ll always have a space that accommodates to you.” Sonder’s latest round drives it ahead of similar players in the space including business travel-focused Lyric, which raised a  $160 million round led by Airbnb  for a funding total of $185 million in April, and tech-forward apart-hotel brand Domio, which has  $67 million in funding .

Atreides Capital Investments

3 Investments

Atreides Capital has made 3 investments. Their latest investment was in Republic as part of their Series B on October 10, 2021.

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Atreides Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/19/2021

Series B

Republic

$150M

Yes

8

6/24/2020

Series E

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$99M

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10

5/9/2019

Series B - II

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$99M

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10

Date

10/19/2021

6/24/2020

5/9/2019

Round

Series B

Series E

Series B - II

Company

Republic

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Amount

$150M

$99M

$99M

New?

Yes

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Co-Investors

Sources

8

10

10

Atreides Capital Portfolio Exits

1 Portfolio Exit

Atreides Capital has 1 portfolio exit. Their latest portfolio exit was Sonder on January 19, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/19/2022

Reverse Merger

$99M

13

Date

1/19/2022

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

13

Atreides Capital Team

2 Team Members

Atreides Capital has 2 team members, including current Chief Executive Officer, President, William Wayne Patterson.

Name

Work History

Title

Status

William Wayne Patterson

Chief Executive Officer, President

Current

James K. Jennings

Chief Financial Officer

Current

Name

William Wayne Patterson

James K. Jennings

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

Status

Current

Current

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