Simple Capsule Hotel Completes Series A Funding Round

Xi’an, Shaanxi province-based Simple Capsule Hotel has completed an undisclosed series A round of financing from Shanshan Venture Capital and Prosperity Investment Fund, according to Chinese media reports.

The capsule hotel operator plans to use the proceeds on recruiting staff, expanding its online community, and opening more hotel locations.

Founded in 2013, Simple Capsule Hotel runs 92 hotels across China with close to 6,000 capsules.

A capsule hotel is originally developed in Japan and features a large number of extremely small rooms, or capsules, aimed at providing cheap, basic overnight accommodation for young guests.

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