Solo travelers, unite! Mad Monkey is a social hostel chain with locations across SEA and Australia. And they’ve just raised fresh funding!

Investor check. EXS Capital led the round, while Best Nights VC joined in. 

• The amount raised was not disclosed.

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🍺 Creating memories

In recent years, solo travel has emerged as a top travel trend, and with that comes the rise of social hostels. 

• In the past, it was common for backpackers and solo travelers to be cooped up in their own space. 
• But now? Enter social hostels, places where young people can find vibrant communities where they can create meaningful connections. 

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Why it works. Solo travelers staying in hostels often come from different cultures but share a love of adventure. 

🐒 Bon voyage

Mad Monkey offers safe, inclusive, and high-energy environments for backpackers across SEA.

• It focuses on empowering solo travelers, creating a social tech experience through their app, and giving back to communities through their corporate social responsibility initiatives. 
• Oh, and they also offer a membership that gives members exclusive discounts and rewards with every stay. 

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The footprint. Mad Monkey enables over 1M bed nights for over 115K guests a year across seven countries: the Philippines, Cambodia, Indonesia, Vietnam, Thailand, Laos, and Australia. 

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🎒 Next destination?

With the new partnerships, Mad Monkey will scale experience-driven hospitality and expand into new markets.