About Lyric
Lyric is a company based in San Francisco (United States) founded in 2014 was acquired by Black Swan Real Estate in June 2023.. Lyric has raised $191 million across 4 funding rounds from investors including Airbnb, Airbnb and RXR. Lyric operates in a competitive market with competitors including Kasa, Mint House, ReloQuest, SnapStays and Travelers Haven, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lyric Hospitality, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$191 M (USD)
in 4 rounds
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Latest Funding Round
$160 M (USD), Series B
Apr 17, 2019
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Investors
Airbnb
& 13 more
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Employee Count
Employee Count
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Acquired by
Black Swan Real Estate
(Jun 12, 2023)
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Funding Insights of Lyric
Lyric has successfully raised a total of $191M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $160 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $160.0M
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First Round
First Round
(01 Feb 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Debt – Conventional - Lyric | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - Lyric | Valuation | Airbnb | |
| Feb, 2018 | Amount | Series A - Lyric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lyric
Lyric has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Airbnb, Airbnb and RXR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of venture capital investments across planetary, human, and economic health
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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US focused early stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lyric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lyric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lyric Comparisons
Competitors of Lyric
Lyric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kasa, Mint House, ReloQuest, SnapStays and Travelers Haven, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business apartments are operated for travelers via an online platform.
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| domain | founded_year | HQ Location |
Online serviced-apartment booking platform for business travelers
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| domain | founded_year | HQ Location |
Cloud-based sourcing platform for serviced apartment industry is offered.
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| domain | founded_year | HQ Location |
Online platform that provides service apartments for business travelers
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| domain | founded_year | HQ Location |
Short-term housing rentals are facilitated via an online US platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lyric
Frequently Asked Questions about Lyric
When was Lyric founded?
Lyric was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Lyric located?
Lyric is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Lyric a funded company?
Lyric is a funded company, having raised a total of $191M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15.5M, raised on Feb 01, 2018.
What does Lyric do?
Founded in 2014 and headquartered in San Francisco, United States, Lyric operates within the travel and hospitality sector. An online platform is maintained to facilitate searches, comparisons, and bookings of managed service apartments for business travelers. Amenities in these apartments are overseen, with rentals arranged through the service. Operations focus on streamlined accommodations tailored to professional needs across urban locations.
Who are the top competitors of Lyric?
Lyric's top competitors include Kasa, Mint House and ReloQuest.
Who are Lyric's investors?
Lyric has 14 investors. Key investors include Airbnb, Airbnb, RXR, Tishman Speyer, and Fifth Wall.