Hotel booking application HotelTonight has secured a $37 million funding round - it's first big capital deal for over three years.
The Series E round brings its total investment to almost $118 million since it launched in late-2010.
The new backers are round-leader Accel Partners with RSC Capital, Founder's Circle and Aspect Ventures.
Returning investors from previous rounds include Battery Ventures, US Venture Partners, GGV Capital, Coatue Management and First Round Capital.
The company claims to have some 25,000 hotel customers on its portfolio in 30 countries and took $300 million in gross booking volume in 2016.
HotelTonight last raised in a big way in September 2013 when it caught the eye of Coatue Management, a hedge fund in New York, alongside GGV Capital, Battery Ventures, Accel Partners, US Venture Partners (USVP) and First Round Capital and brought in $45 million.
After an initial flurry of activity, as Hoteltonight spread quickly into dozens of markets around the world with its original same-day booking model, such a strategy took a different turn as the company decided to extend the lead-in window.
Competitors in the space sprouted up quickly and then the giants of the web hotel world, such as Booking.com, launched their own versions of the late-availability app.
A round of lay-offs in 2015 put a question mark over the growth prospects of the business, or at dampened the talk of heading for the public markets.
Fast-forward to September last year and the forever bullish CEO Sam Shank conceded that the company had been burning cash but would once again consider an IPO.
The company says it will use the latest round as "working capital".
Shanks adds:
"With this capital infusion, we will have tremendous operational flexibility to support our continued expansion as last-minute rapidly becomes the new paradigm in hotel booking."