From Cheddar Jun2020
SevenRooms, which works with hospitality venues like hotels and restaurants, has raised $50 million in a Series B funding round led by Providence Strategic Growth.
Joel Montaniel, CEO & co-Founder at SevenRooms, announced the fresh injection of capital first on Cheddar Thursday morning, a feat particularly in the current economic climate.
“It’s never easy to raise money,” he told Cheddar. “I think what COVID really did was accelerate the need for a platform like SevenRooms that has a unique value proposition, unique platform capability set, which is really all about helping operators create profitability and amazing guest experiences.”
Montaniel says SevenRooms will use the fresh capital to develop its platform and to expand globally.
While SevenRooms may not be a household name for consumers, the end-to-end guest management platform is used by hospitality giants like MGM Resorts International and Bloomin’ Brands, which operates restaurant chains Carrabba’s, Outback Steakhouse, and Bonefish Grill.
Read full article From Cheddar Jun2020