Marketboomer, a Sydney, Australia-based B2B hospitality supplies platform, has raised $4.9 million in funding.
Investors
The round was led by Salter Brothers Tech Fund.
Salter Brothers Tech Fund is a later-stage venture capital fund managed by Salter Brothers Asset Management. The fund focuses on later-stage investments in Australia and New Zealand. With over $3 billion in assets under management, it targets telecommunications, software, fintech, healthtech, and real estate technology sectors.
Marketboomer Use of Funds
The company will use the funding to expand in the Australian market, as well as for further growth initiatives in South East Asia and the UK.
About Marketboomer
Founded in 1995, Marketboomer is a proptech company offering a B2B eProcurement SaaS platform for the hospitality industry. Its cloud-based online procurement marketplace is utilized by hotels globally, including IHG, Accor, Marriott, and Capella, as well as Qantas. Headquartered in Sydney, Australia, with offices across Asia, Marketboomer operates globally in 23 countries, serving over 10,000 monthly buyers and 20,000 suppliers.
Funding Details
Company: Marketboomer Pty Ltd.
Raised: $4.9M
Round: Unknown
Funding Month: July 2024
Lead Investors: Salter Brothers Tech Fund
Additional Investors:
Company Website: https://marketboomer.com/
Software Category: Procurement Solutions
Source: https://www.startupdaily.net/topic/funding/salter-brothers-tech-fund-backs-veteran-b2b-software-venture-marketboomer-in-4-9-million-raise/