Canary Raises $15 Million for Hotel Digitization: Travel Startup Funding This Week
Photo Caption: The exterior of a WoodSpring Suites property in Everett in Washington state. Parent company Choice Hotels is a client of travel startup Canary Technologies. Source: Choice Hotels.
Skift Take
This week, seven travel startups collectively announced raising more than $78 million in funding. as venture investors such as Thayer, Fuse, Wind Ventures, and Euroventures bet on the sector's long-term growth.
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 $78 million in funding.
>>Canary Technologies, which builds software to help hotels improve operations and profitability, has closed a $15 million Series A funding round.
F-Prime, which is affiliated with Fidelity Investments, led the round. Read this week's Skift profile of F-Prime.
Y Combinator (an accelerator that helped to catapult companies such as Airbnb), Thayer Ventures (which has invested in many travel tech startups), Commerce Ventures, Acronym Capital, and others joined in the round.
Here's the pitch: The company's products are used by "thousands" of hotels to reduce or replace paper processes, boost revenue with upsells, raise staff efficiency, ensure compliance with privacy regulations, improve the guest experience, and reduce chargebacks and payment fraud.
The company's first product was a digital authorizations solution, which Choice Hotels has made a brand standard
