Cloudbeds, a San Diego, CA-based vertical SaaS business that creates cloud-based hospitality management software, announced it has raised a $150 million Series D, bringing the company's total venture funding to $253 million.
The round was led by new investor SoftBank Vision Fund 2, joined by Echo Street, Walleye Capital, returning investors Viking Global Investors, PeakSpan Capital, and Counterpart Ventures also participated in the round.
The financing will help Cloudbeds further solidify its reputation as the leading hospitality management software solution and technology partner for lodging businesses of all types and sizes, including independent hotels, hostels, vacation rentals, and hotel groups.
Company: Cloudbeds
Raised: $150.0M
Round: Series D
Funding Month: November 2021
Lead Investors: SoftBank Vision Fund 2
Additional Investors: Echo Street, Walleye Capital, Viking Global Investors, PeakSpan Capital, and Counterpart Ventures
Company Website: https://www.cloudbeds.com/
Software Category: Hospitality management software
About the Company: Founded in 2012, Cloudbeds is the hospitality industry's fastest-growing technology provider, serving global customers of 22,000+ independent properties across 157 countries. Its award-winning Cloudbeds Hospitality Platform seamlessly combines operations, revenue, distribution, and growth marketing tools with a marketplace of third-party integrations to help hoteliers and hosts grow revenue, streamline operations, and deliver memorable guest experiences. Cloudbeds was named No. 1 PMS, No. 1 Booking Engine, and Hoteliers Choice by Hotel Tech Report in 2021, and has been recognized by Deloitte's Technology Fast 500 in 2021 and Inc. 500 in 2019.
Source: https://www.prnewswire.com/news-releases/cloudbeds-raises-150m-in-funding-to-support-rapid-company-growth-301414521.html