Revinate has raised $14.5 million in Series A financing from leading venture capital firms Benchmark Capital and Formation 8.
The funding will be used to accelerate international expansion at the leading provider of cloud-based enterprise hospitality industry software.
Revinate, which recently celebrated its third anniversary, has well over 10,000 hotel and restaurant customers worldwide using its software platform to manage online reputation and connect with guests in the rapidly changing social media landscape.
Customers include the world’s top brands, management companies and ownership groups, such as Wyndham Hotel Group, Carlson Rezidor Hotel Group, Hyatt, White Lodging Services Corp. and Kimpton Hotels and Restaurants.
Jay Ashton, Revinate’s co-founder and chief executive said: “We’re extremely excited to have Benchmark’s Peter Fenton and Formation 8’s Joe Lonsdale joining our board to help accelerate our growth to become the worldwide industry leader.
“Peter has an incredible track record guiding the success of great companies such as Twitter and Yelp, amongst many others. Joe, as co-founder of Palantir and Addepar, brings highly relevant technology vision and operating experience in big data analytics.
“In addition, Rich Barton, active Benchmark venture partner, founder of Expedia, and chairman of Zillow and glassdoor will also invest, advise Revinate and help drive strategy and growth.
“We’re fortunate to have assembled the ultimate team to help Revinate capitalize on our significant opportunity to help global hospitality companies thrive in today’s rapidly changing market.”
News of the funding comes of the heels of other major milestones at Revinate.
In February, Wyndham Hotel Group, the world’s largest hospitality company, selected Revinate for all of its properties and corporate staff worldwide.
Revinate has also opened its first office outside the United States, in Hong Kong, and will soon move to new corporate headquarters in the Letterman Digital Arts complex in the Presidio of San Francisco.