Revinate Closes $15.34 Million Series B Financing to Bring Additional SaaS Innovation to the Hospitality Industry
New Investors, Tenaya Capital, Northgate Capital and Industry Ventures, Fund Revinate’s Mission to Help Hoteliers Better Connect with Guests; Revinate’s Total Funding is now $33 Million
SAN FRANCISCO, CA – February 2, 2015 – Revinate today announced it has raised $15.34 million in Series B financing. Revinate launched its first SaaS solution in 2010 to help hoteliers manage online reputation. Today, Revinate has 24,000 hotel customers across 164 countries and a suite of software solutions that helps hotels increase guest satisfaction, know more about guests and drive revenue. The Series B funds bring total investment in Revinate to $33 million.
Tenaya Capital, Northgate Capital and Industry Ventures invested in this round of funding. All previous investors, including Benchmark, Formation 8 and Tao Capital Partners also participated, among others. Brian Melton, Managing Director of Tenaya Capital, will join the Revinate Board of Directors.
“We’re encouraged by the belief investors and customers have in the power of Revinate to transform the hospitality industry,” says Jay Ashton, Co-Founder and CEO of Revinate. “Launched last quarter, inGuest is already changing the way hoteliers know and market to their guests. Marketers are using our industry-leading rich guest profiles to gain important insight about guests, improve the guest experience and market in a new, targeted way that drives incremental revenue.”
Marc Heyneker, Co-Founder and VP Global Sales, says, “This new investment, along with the expertise of our new investors, gives us incredible fuel to accelerate our global growth. We are further expanding our sales, marketing, and customer success teams worldwide, while making significant investments in our product and engineering teams in order to accelerate our innovation. Our customers will benefit from significant additional value that our solutions will deliver.”
“Tenaya Capital is focused on working with outstanding entrepreneurs to build category-leading companies,” said Brian Melton, Managing Director of Tenaya Capital. “Revinate has already built an incredible customer base that includes leading hotel brands across the world. I am excited to work with the team as they build powerful, disruptive software solutions that change how hoteliers market to guests.”
There is no industry more reliant on customer experience than the hospitality industry. Revinate’s user-friendly software platform, custom-designed for the unique needs of the hospitality industry, helps hotels dramatically improve the guest experience. With mobile and desktop solutions, Revinate helps hoteliers know and connect with guests pre-, during and post stay and easily collect and analyze customer feedback. Headquartered in San Francisco, with offices in New York, Amsterdam, Singapore, Dubai, Barcelona and Sydney. Revinate counts 24,000 of the world’s leading hospitality brands as customers. To learn more, please visit www.revinate.com or email firstname.lastname@example.org.