Operto Secures $25 Million in Series B  

by Kay Aloha Villamor in March 21st, 2023

Operto Guest Technologies, a Vancouver, Canada-based Smart device automation and SaaS software, secured $25 million in Series B funding.

The round was led by Centana Growth Partners, with participation from Thayer Ventures, FUSE, Blackpines Capital Partners, and Derive Ventures.

The funds will be used to further fuel Operto’s aggressive expansion in the global short-term rental and hotel markets, where it already works exclusively with Accor Hotels to power its international digital key program. 

Operto plans to expand into new markets and continue to provide innovative solutions for property managers in the future.

Operto CEO Steve Davis said: “We are delighted to announce our B-round funding, which will enable us to build upon our exceptional company growth over the past three years. It will accelerate our company mission to build cutting-edge technology solutions that drive amazing guest experiences, across the entire accommodation spectrum.

“In addition, our solutions will continue to deliver huge operational efficiencies for property owners and hosts by lowering costs and driving additional in-stay guest revenues, which is becoming increasingly important in today’s macroeconomic environment.

“Hospitality is one of the last major industries to be disrupted by technology, and we believe there is a significant opportunity to bring the benefits of simple, affordable automation to the sector. We are excited about the future, and we look forward to making a real difference to the accommodation industry,” he added.

In addition to the funding announcement, Operto has appointed Sam Shank, the former CEO and founder of HotelTonight and head of Airbnb's commercial team, to its board of directors. 

By providing property managers with real-time data and insights, the company aims to help streamline operations, reduce costs, and enhance the guest experience.

Company: Operto Guest Technologies, Inc.

Raised: $25.0M

Round: Series B

Funding Month: March 2023

Lead Investors: Centana Growth Partners

Additional Investors: Thayer Ventures, FUSE, Blackpines Capital Partners, and Derive Ventures

Company Website: https://operto.com/

Software Category: Property Automation and Internet of Things Operating System Software

About the Company: Operto Guest Technologies provides hospitality automation and IoT operating system software for the hotel, multi-family, vacation, and short-term rental industries designed to manage the check-in and check-out processes for hotel guests. Operto's platform is intended to allow hotels, property managers, and others to remotely provide access to, as well as monitor and control, a wide range of devices and systems, such as smartphone-enabled guest verification, security deposit and payment, electronic elevators, and room access. Its proprietary software platform manages all types of guest accommodation, seamlessly connecting the guest, owner/manager, and ancillary 3rd party service providers. 

Source: https://shorttermrentalz.com/news/operto-seriesb-financing/

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