What is Revinate?
Revinate is a global leader in developing Customer Data Platform (CDP)-driven direct booking solutions designed to enhance guest experiences and boost revenue for hoteliers. Established in 2009, Revinate has garnered a substantial customer base, serving tens of thousands of leading hotels worldwide. The company's Software as a Service (SaaS) solution has been recognized with multiple accolades, including consistent recognition as a Top Rated Email Marketing and CRM Product by Hotel Tech Report from 2018 to 2021. This sustained market validation highlights Revinate's commitment to innovation and customer success in cultivating deeper guest relationships and driving profitability.
How much funding has Revinate raised?
Revinate has raised a total of $91.8M across 7 funding rounds:
Angel/Seed
$500K
Series A
$14.5M
Series B
$15.3M
Series C
$13M
Debt
$1M
Series D
$8M
Series E
$39.5M
Angel/Seed (2010): $500K, investors not publicly disclosed
Series A (2012): $14.5M led by Benchmark Capital
Series B (2015): $15.3M supported by Formation8, Industry Ventures, Northgate Capital, Tenaya Capital, Tao Capital Management, and Benchmark
Series C (2016): $13M featuring Benchmark Capital, Tao Capital, Formation8, Tenaya Capital, Industry Ventures, Northgate Capital, and Sozo Ventures
Debt (2020): $1M backed by PPP
Series D (2020): $8M with participation from Serent Capital
Series E (2021): $39.5M, investors not publicly disclosed
Key Investors in Revinate
Formation8
Formation 8 is a venture capital firm that supports top entrepreneurs in building market-leading smart enterprise and energy technology companies. The firm provides operational expertise to help its portfolio companies achieve global scale.
Benchmark
Benchmark is a venture capital firm known for investing in early-stage technology companies. They focus on partnering with founders to build category-defining businesses.
Tao Capital Management
Tao Capital Management LLC operates in the Venture Capital & Private Equity industry, focusing on supporting high-growth service and technology businesses. The firm provides investment services to companies aiming for significant market impact.
What's next for Revinate?
With substantial backing and a proven track record, Revinate is strategically positioned for continued expansion and innovation in the hospitality technology landscape. The recent major strategic investment signals confidence in the company's ability to further develop its CDP capabilities and direct booking platform. Future initiatives are likely to focus on leveraging this capital to enhance its AI-driven personalization features, expand its market reach, and deepen integrations with existing hotel management systems. This sustained financial support will empower Revinate to solidify its leadership position and drive further advancements in guest experience technology.
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