Canary Technologies, a San Francisco-based platform that helps hotels modernising guest management, has secured $30 million in Series B funding led by Insight Partners, with continued participation from F-Prime Capital, Y-Combinator, Thayer Ventures, Commerce Ventures, and others.
The funding will help the company to support rapid global growth and fuel product development. The latest fund brings the total funding raised to $45 million.
Guest Management System
Co-founded by long-time friends Harman Singh Narula and SJ Sawhney, Canary Technologies modernises the hotel tech stack with the first mobile web end-to-end Guest Management System. The company works similar to Spanish startup Amenitiz and Selfbook.
The company offers an array of products that cater to the specific needs of hoteliers, including Contactless Check-in, Contactless Checkout, Guest Messaging, Digital Upsells, Digital Tipping, Digital Authorizations, and Digital Contracts.
The US company help hotels eliminate paper processes, boost revenue with upsells, raise staff efficiency, ensure PCI compliance, improve the guest experience, and reduce chargebacks and payment fraud.
More than 20k hoteliers use Canary in more than 70 countries, including Four Seasons, Choice Hotels, Radisson Hotels, and Ace Hotel Group.
“Canary’s mission is to help hotel operators modernize their tech stacks to deliver the best guest experience possible and remain competitive in the evolving lodging landscape,” says Harman Singh Narula, Co-founder of Canary Technologies. “Insight Partners has a wealth of experience with vertical software companies, and we’re excited to work together to continue accelerating our global growth.”
SJ Sawhney, Co-founder of Canary Technologies, says, “A lot is happening in the guest-facing tech space, and hoteliers prioritize this. We have a robust roadmap and are excited to use additional resources to accelerate our development of even more advanced tools and in-depth services for our hotel partners worldwide. Our growth is a testament to the Canary team, which continues to innovate with our amazing hotel partners.”
Insight Partners is a global software investor partnering with high-growth technology, software, Internet startups, and ScaleUp companies.
The firm has over $80B in regulatory assets under management as of June 30, 2022. In addition, insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO.
“We have been impressed with the durable business that the Canary team has built and their ability to accelerate growth, even during uncertain market conditions,” said Thomas Krane, Managing Director at Insight Partners. “This is a testament to the best-in-class solutions Canary provides to hoteliers as they look to meet the digital experiences that modern guests demand. We’re very excited to partner with Harman, SJ, and the Canary Technologies team to support their growth as they help drive technology in hospitality forward.”
The post Bay area startup Canary Technologies rakes in $30M to become ‘Shopify for hotels’ appeared first on Tech Funding News.
