Xiezhu Raises $37 Million for Smart Hotel Tech: Travel Startup Funding This Week
Sean O'Neill
January 17th, 2020 at 1:00 AM EST
Skift Take
This week, travel startups announced more than $100 million in funding. One company to call out is Xiezhu. It provides software and hardware to about 8,000 hotels in China. We expect broad growth in the "smart hotels" trend, which involves devices such as electronic door locks for guest rooms that can be opened by voice or facial recognition.
This week, travel startups announced more than $100 million in funding.
We reported on Thursday that hotel tech startup SiteMinder received an undisclosed investment that placed a more than $750 million ($1.1 billion Australian) valuation on it. BlackRock, the world’s biggest money manager, led the round in the Sydney-based startup, which helps hoteliers acquire guests. Other investors include AustralianSuper, Ellerston, and Pendal Group, along with past backers TCV and Bailador Technology Investments.
This week, Comtravo, a business travel management startup, raised an additional $10 million (€9 million). It adds to the $23.4 million (€21 million) in a Series B round of venture investment the company raised last November. Microsoft's venture fund M12 participated in the funding of the Berlin-based startup.
>>Xiezhu, wh
Online Travel coverage is exclusive for Skift Pro subscribers.
