Checkfront has raised $800,000 has ended five years of self-funding since launch with a first capital-raising effort.
The Canada-based company, which creates cloud-based booking tools for tours and activity operations, vacation rentals and hotels, says the CAN $1,00,000 round was led by Rasool Rayani of Metalogix and a group of local entrepreneurs and investors.
CEO Jason Morehouse claims Checkfront is now processing around $350 million worth of online bookings annually, but will use the round to accelerate product development, expand its 20-head team and work creating new strategic partnerships.
The product currently integrates with a number of services including Xero, Stripe, Quickbooks, Mailchimp and Wordpress.
Morehouse says:
"Customers who come to us have usually reached the point where using outdated software or pen and paper bookings is hurting their business.
"Overbookings, high administration and lost sales is a big pain point for operators — that means they can’t focus on running their business. What gets us up in the morning is knowing we have a solution to help them."
Other individual investors include representatives from Hootsuite, Stocksy and Western Food.s