What Lyric does

Lyric is a US-based accommodations company founded in 2014 and headquartered in San Francisco that designs and operates lodging for business travelers. The firm positions itself around empowering "dreamers, creators, and explorers" and has publicly identified five target markets — Los Angeles, Miami, DC, New Orleans, and Denver — representing major US creative and business hubs. The company has raised approximately $179 million across six disclosed funding rounds spanning 2015 to 2019, with a $160 million Series 2 round in April 2019 led by Airbnb and supported by proptech-focused Fifth Wall, commercial real estate owners RXR Realty and Tishman Speyer, and venture investors including NEA, Obvious Ventures, SignalFire, and Tusk Venture Partners.

The investor composition suggests a real estate technology thesis combining professionally-managed accommodation inventory with technology, leveraging Airbnb's demand funnel and direct real estate owner partnerships for supply. The stated value proposition emphasizes connectivity and creativity among its traveler community, though specific product features, technology stack, pricing mechanics, and revenue model details are not disclosed in available sources. The company maintains offices in Los Angeles, Miami, DC, New Orleans, and Denver in addition to its San Francisco headquarters.

The company operates with 51-100 employees under founder-CEO Andrew Kitchell, with engineering and product leadership in place (VP of Engineering Adam Hiatt, Senior Product Manager Quinn Hubertz). The current company website lists all five announced city markets as "Coming soon," and no funding activity has been disclosed since April 2019. The combination of a dormant public-facing site and an extended absence of disclosed milestones since the 2019 mega-round leaves the company's current operational status, growth direction, and revenue profile ambiguous from available sources.

Name

Lyric

Website

https://lyric.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Lyric is a San Francisco-based accommodations company founded in 2014 that designs and operates lodging for business travelers across multiple US cities, having raised approximately $179 million from investors including Airbnb and major proptech and real estate firms.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

Lyric designs and operates accommodations for business travelers, offering a multi-city presence across major US creative hubs including Los Angeles, Miami, DC, New Orleans, and Denver. The company positions itself as a platform empowering dreamers, creators, and explorers through a connected and creative hospitality experience. The website currently lists properties in these five cities as "coming soon."

Product overview

Lyric is a company that empowers dreamers, creators, and explorers for a more connected and creative world. The specific products and services offered are not detailed in the available source data.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Irish Arts CenterminorStrategic or Co-development PartnerIrish Arts Center co-produced the North Star production with Solab, in association with Lyric Theatre Belfast. This represents the first major outcome of a five-year Memorandum of Understanding between Belfast City Council and the British Council.
• SolabminorStrategic or Co-development PartnerSolab co-produced the North Star production alongside Irish Arts Center, in association with Lyric Theatre Belfast.
• Belfast City CouncilcoreStrategic or Co-development PartnerBelfast City Council supports Lyric Theatre Belfast through a five-year Memorandum of Understanding with the British Council aimed at boosting Belfast's international cultural profile.
• British CouncilcoreStrategic or Co-development PartnerThe British Council partnered with Belfast City Council through a five-year Memorandum of Understanding, with the North Star production being the first major outcome designed to boost Belfast's international cultural profile.

Recent moves5 records

Expansion highlights4 records

Direct peers

• Common: Common is a co-living operator running shared apartments in major US metros. Its community-led brand targeting young professionals directly mirrors Lyric's 'dreamers, creators, explorers' positioning.
• Kasa: Kasa operates tech-enabled serviced apartments and short-term rentals across US cities. It targets a similar business-traveler profile and overlapping city footprint.
• Sonder: Sonder operates design-forward, tech-enabled short- and long-stay apartments in urban markets. It is the most direct comparable to Lyric's design-led accommodations-for-travelers model across multiple US cities.
• StayAlfred: StayAlfred provides furnished apartments and vacation rentals in US city centers. It targets similar business and leisure travelers seeking apartment-style accommodations over hotels.
• Locale: Locale runs serviced, design-forward apartments in urban markets. Its full-service, apartment-style offering is a close substitute for Lyric's planned accommodations product.
• Blueground: Blueground leases, furnishes, and rents apartments on flexible terms across global cities. It competes for the same multi-month business-traveler and creative-segment demand as Lyric.
• Mint House: Mint House operates upscale, tech-enabled serviced apartments with design-led interiors. It competes for the same extended-stay business traveler segment that Lyric targets.

Emerging players

• Placemakr: Placemakr operates furnished apartments with a hospitality-style product across US cities. As an emerging operator it competes for a similar urban, design-conscious traveler demographic.

Broad incumbents

• WeWork: WeWork operates flexible workspace and previously ran a co-living brand (WeLive). It is a broader incumbent in flexible-living that overlaps with Lyric's shared accommodations thesis.
• Airbnb: Airbnb is the dominant alternative-accommodations marketplace and led Lyric's Series B. It is both a strategic investor and a broad incumbent whose longer-stay inventory directly overlaps with Lyric's target use cases.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/Lyric
• Facebookfacebook.com/lyric
• LinkedInlinkedin.com/company/lyrichospitality

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds6 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lyric