Groups360 has raised $35 million in it’s latest round of funding, which will be used to support it’s rapid growth. Over the last 12 months, the company has launched instant booking for group stays at over 7,000 leading hotel properties and booking capabilities at 200,000 hotel properties worldwide via GroupSyncTM. The financing round will allow them continue to grow its operations and expand further in EMEA and APAC.
A little background on the company from their latest press release…
“Groups360 provides real-time availability and instant booking capabilities for both hotel room blocks and meeting space, streamlining group travel for organizers, attendees, and hotels alike. The GroupSyncTM platform, which is the Company’s proprietary bookings marketplace, delivers greater efficiency for travel organizers and hoteliers.”
The founding round was led by Zigg Capital, along side Blackstone Innovations Investments, and Fir Tree Partners. They join existing investors Accor, Hilton, IHG Hotels & Resorts, and Marriott International.
More from Groups360 press release…
“Groups360 is reshaping the hospitality industry in a manner that makes booking groups simple, transparent, and efficient for both hotels and event organizers,” said Kemp Gallineau, CEO, Groups360. “Now, with support from our new partners, Groups360 is positioned to more quickly seize the opportunities which lie ahead for improving group travel.”
The full press release, with more details of the funding round and brief backgrounds on the new investors, is available below. Click the download button for the PDF version.
There are more press releases on our dedicated listings page.