Cloudbeds has completed an oversubscribed $9 million Series B financing round, led by PeakSpan Capital, bringing its total funding to over USD 20 million. Cloudbeds said it will ´use the new funds to add more resources across our product, marketing, and technology teams, as well as acquire companies and expand our presence.´ Cloudbeds is a WYSE Travel Confederation member and a leading provider of hospitality management software for independent properties.
“We have experienced incredible success over the last few years. Cloudbeds software is used by everyone, from boutique hotels to adventure hostels, in every part of the world. We are fueling the growth of travel businesses worldwide and helping millions of people experience all the world has to offer,” said Adam Harris, CEO of Cloudbeds.
The Cloudbeds team consists of 102 people from 20 countries. The company was also recently named a top place to work by Inc. Magazine.
Source: Cloudbeds press release, June 2017