It was announced today that Hotelogix, a Cloud-based hotel property management solution provider focused on serving the needs of independent hotels, raised $5 million in a funding round led by Vertex Ventures. Accel Partners and Saama Capital also participated. The company raised $1.8 million in 2014 and $1.2 million in 2012, bringing its total venture funding to $8 million.
According to sources, the company plans to use the fresh round of funds to scale operations and accelerate product development and drive market expansion geographically.
Currently, Hotelogix has a strong foothold in the Indian market, where the company is based, and is currently expanding its operations in Thailand as well as strengthening its market presence in regions that include South America, North America and the United Kingdom.
According to Hotelogix, its PMS platform is now used by more than 1.5 million hoteliers, mostly small and mid-sized properties, in more than 100 countries to streamline operations, grow booking revenues and increase profitability. “At Hotelogix, we help both the old and the emerging hotel climb onto our platform, which lets them match the versatility and dynamism of the larger, more resourceful hospitality businesses.” reads the company’s mission statement. “We do this by creating great technology and by making it accessible to hotels that previously wouldn’t be able to afford it.”
Disclosure: The solution provider featured in this article is a current or past client of Starfleet Media, which is the publisher of Hotel Technology News.