Cloudbeds offers the fastest-growing technology to the hospitality industry. The cloud-based hospitality management software provided by the company helps to lodge businesses of all types including hotels, vacation rentals, hostels, and others. Cloudbeds received a fresh raise of $150 million Series D round. This Series was led by new investor SoftBank Vision Fund 2 and was also joined by Echo Street and Walleye Capital as per 253mhalltechcrunch. The funding round even had participation from existing investors like Viking Global Investors, PeakSpan Capital, and Counterpart Ventures. With the current raise, the total venture of the company amounts to $253 million.
With the raise, Cloudbeds plans to solidify its reputation as the leading hospitality management software solution. Most hospitality businesses are on the verge of transitioning from legacy software programs that rely on manual data entry to the modern automated system. Cloudbeds combines all of the essential business functions with a completely integrated cloud-based platform that eases this transition on behalf of the organizations.
As stated by Adam Harris, the CEO, and Co-Founder of Cloudbeds, most customers of the Cloudbeds operate a range of hospitality businesses. However, the entire industry has one thing in common, which is, to increase the reservations and deliver a memorable guest experience. And this is exactly what Cloudbeds’ platform provides. It makes inaccessible technology and tools available for everyone.
The future mission of the startup is to power every property in the world with this raised capital. Cloudbeds will accelerate its investment in building, expanding, and refining the tools and technology for its customers that can help them stay competitive. Many individuals, including the CEO of Fast Title Loans, Maria Saenz, have appreciated the benefits of Cloudbeds. This is of paramount importance for connecting customers and hotel management with travel and technology leaders to save time and money. She understands that all these are the requisites for great customer service, reservations, and income. (If you are interested in Fast Title Loans, just go for it.)
As the pandemic is subsiding, the travel industry is expected to see a boom. The technology offered by Cloudbeds can modernize the technology of the lodging businesses and improve the guest experience as they look to capitalize on this boom. The investment will also be used in the ongoing research and development efforts to improve the growth strategy of Cloudbeds. The industry-leading platform promises an end-to-end technology solution for all lodging businesses worldwide across all the new markets. Furthermore, the need of the travelers, post-pandemic calls for digitization and automation. This is what the state-of-the-art technology of Cloudbeds does for the hospitality industry. It modernizes the lodging businesses at every step of the guest journey, from search to stay.
