Beachy raises $1M to fund new ancillary booking tools for hotels

Beachy – the winner of the Summit People's Choice Award at the Phocuswright conference 2019 – has raised an additional $1 million in debt financing.

This Seed II round brings the company's total funding to date to $5.5 million in debt.

Snowbridge Capital, which was founded by Marc Saiontz, backed the round.

In an exclusive interview with Phocuswire, Beachy CEO David Stange says the company was “excited” to complete the investment.

“When Beachy leadership sat down to contemplate the capital formation for the future of Beachy, we wanted to raise a little money as possible to achieve our goal of profitability in 2020,” says Stange.

The Tennessee, U.S.-based software company streamlines operations for resorts and improves the waterfront reservation process by helping guests rent beach chairs, pool cabanas or jet skis.

The company is active on more than 300 properties and hopes to double to 600 in 2020.

With the new funding, Beachy will invest in its new food and beverage product.

“Beachy’s raise coincides with the launch of our new food and beverage product that has been met with raving success increasing food and beverage spend at hotel pools and beaches by reducing ticket times by 50% translating to an increase in guest spend over 40%,” says Stange.

Here are the video recaps of Beachy at the 2019 Phocuswright Conference: