Cloudbeds Raises 9 Million in Series B Funding, Led by PeakSpan Capital
(Thomson Reuters ONE) -
SAN DIEGO, June 22, 2017 (GLOBE NEWSWIRE) -- Cloudbeds, a leading provider of
hospitality management software for independent properties (hotels, hostels,
inns, beds and breakfasts, campgrounds, vacation rentals, and more), today
announced it has completed an oversubscribed $9+ million Series B financing
round. Cloudbeds' first institutional round was led by PeakSpan Capital, and
includes additional investment from Nashville Capital, Cultivation Capital,
ClearVision Equity, and TTCER Partners. The financing follows last year's
Series A round of $3.14 million, bringing the total investment to date to $20
million.
"Cloudbeds brings the latest innovations in software to the hospitality industry
- they are laser focused on championing the needs of independent hoteliers and
setting the standard for a fully integrated, best-in-class platform," said Phil
Dur, Managing Partner and Co-Founder at PeakSpan Capital. Matt Melymuka, Vice
President and Co-Founder of PeakSpan added, "Great things happen when you
combine focus with a truly visionary and excellent management team. We feel
fortunate to lead this investment round and are looking forward to helping the
company capitalize on its progress to date."
Founded in late 2012, Cloudbeds now has 102 employees worldwide with offices in
San Diego, São Paulo, and Dublin. Their software now services tens of thousands
of properties in 120+ countries.
Cloudbeds develops software that is designed to help independent property owners
and operators become more competitive by offering an integrated system that
includes property management, channel management, and a commission-free booking
engine. By offering everything in one software suite, Cloudbeds helps
properties maximize occupancy while minimizing time spent on administrative
tasks. In turn, this gives their clients more time to spend with their guests.
In addition to offering a full software suite, the Cloudbeds channel manager,
myallocator, is one of the most popular standalone channel management solutions
and is used by thousands of properties.
"We have experienced incredible success over the last few years. Cloudbeds
software is used by everyone, from boutique hotels to adventure hostels, in
every part of the world. We are fueling the growth of travel businesses
worldwide and helping millions of people experience all the world has to offer,"
said Adam Harris, CEO of Cloudbeds. "We're thrilled to have PeakSpan on board
with us. As investors, PeakSpan has an incredible track record of building
successful companies, and their insights will be especially helpful during our
next phase of growth. PeakSpan and Cloudbeds share similar cultures and values -
we both believe in building highly customer-centric companies, obsessing over
product, and prioritizing company culture."
"We continually strive to build a better platform and we are excited that this
new round of fundraising will also help us accelerate the release of new
functionality," added Richard Castle, President and COO of Cloudbeds. "Our
platform enables small lodging professionals to reach a global audience and we
are looking forward to giving them more tools to help them successfully compete
on a global scale."
About Cloudbeds
Cloudbeds creates cloud-based hospitality management software that simplifies
the working lives of independent property owners, operators, and employees.
Cloudbeds' award-winning software is trusted by thousands of hotels, hostels,
and groups in over 120 countries. With over 300 integrations, Cloudbeds connects
to more marketplaces than any software in the hospitality industry. Cloudbeds
has offices in San Diego, São Paulo, and Dublin. For more information, please
visit www.cloudbeds.com.
About PeakSpan
PeakSpan Capital is a growth equity firm based in New York City and Silicon
Valley, with a focused mission to be the partner of choice for growth stage
entrepreneurial teams who are building amazing software targeted at business
buyers of all sizes -- from very small businesses to large enterprises. PeakSpan
combines deep domain expertise within a select number of themes with a
homegrown, proprietary technology platform providing visibility into company and
market performance, to help entrepreneurs drive resilient, risk-adjusted value
creation. To learn more about PeakSpan Capital and its portfolio, please
visit: www.peakspancapital.com.
Contact:
Alex Gaggioli
Marketing Manager
alex.gaggioli(at)cloudbeds.com
2655 4th Ave. San Diego, CA 92103
+1-630-815-2124
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cloudbeds via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 549389
Anzahl Zeichen: 5400
contact information:
Town:
San Diego
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 192 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cloudbeds Raises 9 Million in Series B Funding, Led by PeakSpan Capital"
steht unter der journalistisch-redaktionellen Verantwortung von
Cloudbeds (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
