OTA Insight, a London, England-based specialist in cloud-based hospitality business intelligence, raised $80 million in Series B from Spectrum Equity, a growth equity firm focused on internet-enabled software and transformational data companies.
Spectrum Equity joins existing OTA Insight investors Eight Roads, F-Prime Capital, and Highgate Technology Ventures.
This latest investment will support the company in furthering its mission to enable smarter commercial decisions and outputs across the industry as it expands its global footprint.
Company: OTA Insight Ltd
Round: Series B
Funding Month: November 2021
Lead Investors: Spectrum Equity
Additional Investors: Eight Roads, F-Prime Capital, and Highgate Technology Ventures
Company Website: https://www.otainsight.com/
Software Category: cloud-based hospitality business intelligence
About the Company: OTA Insight delivers powerful data and analytics to optimize commercial decision-making across the hospitality industry. As the industry rebounds in the wake of the global pandemic, many hospitality operators are embracing new technologies to gain a competitive edge. Over 55,000 hotel properties in 185 countries use OTA Insight's commercial platform, which includes Market Insight, Rate Insight, Revenue Insight, and Parity Insight, to make complex pricing decisions and understand the rapidly evolving market, channel, and competitor dynamics in real-time. Since then, OTA Insight has won many industry awards and is named UK's 17th fastest-growing private technology company in The Sunday Times Fast Track Hiscox #TechTrack100. OTA Insight has grown to become the preferred revenue management solution for over 50,000 independent, local and global chain properties in more than 168 countries, supported by 170+ stellar employees.