Skift Take

Cloudbed's recent venture round is in line with other small investments made in hotel software so far this year as investors are more cautious and focus on smaller funding amounts.

weekly_startup_fundingEach week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week among companies we tracked was $9.1 million.

Here are two companies that announced they raised funding this week. You can see previous roundups here.

>>Ridlr raised a $6 million Series B round from new investors Times Internet, InnoVen Capital and Matrix Partners and existing investor Qualcomm Ventures bringing the Mumbai, India-based startup’s total funding to $6.3 million. The company gives real-time information about bus, train and metro rail systems in cities throughout India.

>>Cloudbeds raised a $3.1 million venture round from new investors Cultivation Capital, eonCapital, Joe Maxwell, Moore Venture Partners and Seed San Diego. This brings the San Diego, California-based startup’s total funding to $3.9 million after raising a seed round in 2012.

The software-as-a-service platform includes revenue and property management products and helps hoteliers discover new booking channels. Cloudbeds said hotels and hostels in 115 countries use its software and it has offices in San Diego, Sao Paulo and Dublin.

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Tags: funding, vcroundup

Photo credit: Cloudbeds is a software-as-a-service platform that includes revenue and property management products for hoteliers. Cloudbeds

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