RoomRocket provides a single access point connecting B2B resellers to hotel suppliers, enabling wholesale global sales and a proprietary multi-currency financial settlement service and single contract. The company completed a UK pilot producing 1,500 transactions per month and lists over 250,000 hotels on its platform. RoomRocket says it has a revenue-producing proof of concept, a proprietary settlement transaction processing network with over $2M invested, and targets 80%+ gross margin on transaction revenue. The company is headquartered in the San Francisco Bay area and plans a full platform launch in Q4 2022 with contracted customers and distribution partners. Management projects increased profitability by Q2 2023 and aims for $50M annual revenue within 36 months and shareholder value in excess of $150M. The product focuses on digital clearing and settlement to reduce costs, bypass intermediaries, and scale via large hotel resellers and networks.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022