Trip.com Group’s Venture Arm Bets on GreenCloud Hotel Tech: Travel Startup Funding This Week
Photo Credit: The Wuhan Narada Grand Hotel, part of the Narada Group, a chain that uses the services of GreenCloud, a hotel tech company that has raised another round of funding. Narada Group
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Travel startups that have raised fresh funding include GreenCloud, a hotel software firm, Bobobox, a pod hotel brand, React Mobile, a maker of panic buttons, and Cabana, a luxe camper-van firm.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.
This week, travel startups announced more than $34 million in funding.
>>GreenCloud, a maker of property management systems for hotels based in Hangzhou, China, has raised about $14 million (100 million renminbi) in a Series B extension in debt financing.
Trip.com Group's venture firm Shanghai Kehui Venture Capital and China Merchants Bank participated in the round. The company's Series B round had raised $25 million from Cowin Capital. In 2016, the startup raised $12 million in a Series A round.
GreenCloud provides software services to about 18,000 hotels, including ones belonging to brands such as Wanda Hotel Group, Metropolo, Narada Hotel Group, and Podinns.
The startup, founded in 2010, offers software for hotels called a property management system. GreenCloud also provides a data platform and a booking engine for hotels to accept reservations on their websites and mobile apps and the WeChat mes
