Cloudbeds provides a cloud-based hospitality management platform that combines tools for operations, revenue management, guest experience, and marketing with a marketplace of third-party integrations. The platform is designed to help independent hoteliers and hosts grow revenue, streamline operations and enable memorable guest experiences. The company serves customers of 22,000+ independent properties across 157 countries. Led by CEO Adam Harris and COO Richard Castle, Cloudbeds raised $150M in a Series D to support growth. The round brought total venture funding to $253M and was led by SoftBank Vision Fund 2 with participation from Echo Street, Walleye Capital, Viking Global Investors, PeakSpan Capital and Counterpart Ventures. Cloudbeds intends to use the funds to grow its team, accelerate customer acquisition, expand product offerings, and invest in delivering technology to the industry. Cloudbeds provides a hospitality management suite that offers tools to manage properties of any type and size. Its software is used by more than 20,000 hotels, hostels, inns and alternative accommodations across 157 countries. Led by CEO Adam Harris and COO Richard Castle, the company was founded in 2012 and is based in San Diego, CA. Cloudbeds has over 400 employees with local teams in 40 countries and staff speaking over 30 languages. In November 2020 Cloudbeds raised $82M in a Series C financing. The company intends to use the funds to further invest in its technology platform. Cloudbeds develops an all-in-one hospitality software suite that includes property management, channel management, and a commission-free booking engine. The company’s channel manager, myallocator, is a popular standalone solution used by thousands of properties. Founded in late 2012 and led by CEO Adam Harris and President/COO Richard Castle, Cloudbeds employs 102 people worldwide. It has offices in San Diego, São Paulo, and Dublin and services tens of thousands of properties in 120+ countries. The company is using the recent financing to continue expanding operations globally.

Total raised

$241M

Funding rounds

3

Latest round

Series D

Latest activity

Nov 2021