The Rainmaker Group, the seller of revenue management software for hospitality and other industries, announced today that it has received a $33.8 million equity investment from Norwest Venture Partners (NVP), a leading multi-stage investment firm.
Rainmaker specializes in analytics solutions for revenue management, using the Software-as-a-Service (SaaS) model. NVP’s Jon Kossow and David Su have joined Rainmaker’s board of directors.
Rainmaker’s portfolio includes Atlantis, The Palm Dubai, Caesars Entertainment, MGM Resorts International, Omni Hotels & Resorts, and Wynn Las Vegas.
In July, Rainmaker bought the industry’s only automated budgeting tool from Tappert Consulting Services.
It's been one year since Silicon Valley Bank completed a $9 million debt financing deal for The Rainmaker Group.