Bankers Hill-based hotel tech startup raises $82M after doubling its remote staff

Kevin William David
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Bankers Hill-based hotel tech startup raises $82M after doubling its remote staff
  • Cloudbeds, a San Diego, CA-based hospitality management solution provider, raised $82m in series C funding.
  • The round was led by Viking Global Investors with participation from PeakSpan Capital, Recruit Co., Ltd., Counterpart Ventures, and Cultivation Capital.
  • The company intends to use the funds to further invest in its technology platform.
  • Led by Adam Harris, CEO, and Richard Castle, COO, Cloudbeds provides an hospitality management suite, providing tools to manage properties of any type and size. Its software is used by more than 20,000 hotels, hostels, inns, and alternative accommodations in 157 countries.