Israeli-Founded Hospitality Service Selina Raises $95M
April 8, 2018 | Central American co-working and traveling hospitality service Selina has raised $95 million in a funding round, Tech Crunch reported last week. The money was raised by Israeli-born WeWork founder Adam Neumann and Dubai investor company Abraaj Group. Selina combines a hotel, co-working space, curated tours, fitness classes, homegrown meals, and volunteering into one hostel. “Instead of just renting out a room in an Airbnb or paying for a hotel room in a boutique hotel, or some co-working space, Selina aims to be a more streamlined way to get that mixture of a community experience, a boutique hotel feel, and the ease of getting a consistent experience across multiple different properties,” Tech Crunch says. The company has 22 locations throughout Central America including Mexico and Panama. It plans to open a new location in Miami this year. The company was founded by Israelis Rafael Museri and Daniel Rudasevski in Panama and has offices in Panama, London, and New York.