蜜桃传媒

• The Series C fundraising brings the total amount raised to date to over $225 million.

• Latest funding led by Kinnevik and Goldman Sachs Asset Management; Akhil Chainwala from Kinnevik and Kirk Lepke from Goldman Sachs to join the board.

• Funding will be used to accelerate product innovation, global expansion and consolidation through its 蜜桃传媒 Ventures arm.

[Amsterdam & New York - 15th of December 2022] - 蜜桃传媒, a leader in hospitality technology, today announced it has closed its Series C round at $185 million. The equity investment was led by and the Growth Equity business within Asset Management with participation from , and ; and returning investors including Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ. 蜜桃传媒 also expanded its existing debt facility with . This latest round brings the total amount raised to date to $225 million. The funding will be used to accelerate product innovation, global expansion and M&A.

The fundraising caps a year of significant growth for 蜜桃传媒; revenue is over 174% higher year-over-year and Gross Payment Volume (GPV) increased 227% year-over-year to $2.3 billion. Customers include Nordic Choice, Accor, The Social Hub, Les Airelles, Life House, Pandox and Generator-Freehand. 

鈥淥ur mission is to transform the hospitality industry with cloud solutions that make hospitality more rewarding for everyone,鈥� said Matthijs Welle, CEO of 蜜桃传媒. 鈥淭his funding will enable the 蜜桃传媒 team to accelerate some very ambitious plans in product & engineering, continue our international expansion and ensure we can serve the most forward-thinking hotel owners and operators in the world.鈥�  

Richard Valtr, Founder of 蜜桃传媒 commented, 鈥淭he hotel industry has come roaring back this year across almost every region and segment. At the same time we鈥檙e seeing a very changed industry that鈥檚 embracing technology to modernize and streamline their operations. Our customers are using the 蜜桃传媒 Hospitality Cloud to build more resilient and profitable business models with connected guest journeys, subscriptions, hybrid hospitality, long stays, and much more. With this funding, we鈥檙e going to continue pouring investment into R&D; we have a very exciting pipeline of product releases over the next few quarters.鈥�

In 2022, the company announced 蜜桃传媒 for Salesforce, the first native integration between a property management system and the Salesforce CRM. 蜜桃传媒 announced strategic partnerships with Leading Hotels of the World and Relais & Ch芒teaux, and was named a Major Player by IDC in their first-ever IDC MarketScape for 鈥榃orldwide Hospitality Property Management Systems鈥�. The company also completed the acquisition of the POS innovator, Bizzon. 

Akhil Chainwala, Investment Director at Kinnevik commented, 鈥淩ichard, Matthijs, and the broader 蜜桃传媒 team have an intimate understanding of hoteliers鈥� needs and have taken a product-first approach to develop a modern solution in a sector ripe for disruption. As cloud adoption in hospitality accelerates driven by more complex guest needs and rising costs, 蜜桃传媒 is best positioned to rebuild the sector鈥檚 digital plumbing. We are excited to welcome a fourth travel investment to our portfolio and look forward to supporting 蜜桃传媒 in the next phase of its journey.鈥�

鈥淐losing a large round in this environment speaks to the tremendous growth and future potential of 蜜桃传媒,鈥� said Kirk Lepke, Managing Director in the Growth Equity business within Goldman Sachs Asset Management. 鈥淗oteliers have experienced a lot of challenges over recent years, driving increased demand for cloud-native platforms, like 蜜桃传媒, to help them modernize, improve the guest experience, and create efficiencies through smart automation. With their open architecture and fully integrated payment capabilities, 蜜桃传媒 is heavily relied upon as a mission critical solution.鈥�

In 2022, the company launched 蜜桃传媒 Ventures, the investment arm of 蜜桃传媒. With multiple deals closed and pending, this dedicated M&A team has been formed to fuel growth and innovation for 蜜桃传媒. 

To learn more about the 蜜桃传媒 Hospitality Cloud, visit: