experience platform SevenRooms has raised a $50 million Series B round that
will help fund its global expansion and product development.
Providence Strategic Growth (PSG) led the round.
product suite includes reservation, waitlist and table management, online
ordering, contactless order and payment, reputation management and marketing
automation – all focused on helping hoteliers drive direct bookings and create
lasting relationships with guests.
“PSG has deep
experience partnering with management teams to scale vertical SaaS-based
platforms to create global category leaders,” says Joel Montaniel, SevenRooms co-founder and CEO.
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“With our latest
fund raise, we have positioned SevenRooms with the right resources and partner
to empower operators worldwide to do more with less, increasing loyalty,
revenue and profitability while helping operators make their guests feel at
"We’re excited to continue innovating as the only 360-degree guest
experience platform available on the market today that addresses every aspect
of the guest journey, powered by a purpose-built CRM, robust operational tools
and an automated marketing engine."
New York-based SevenRooms’
customers include Mandarin Oriental Hotel Group, MGM Resorts International,
Jumeirah Group and more.
“SevenRooms is a category-defining company that provides a vital solution
to hospitality operators worldwide,” says Adam Marcus, managing director
“Joel and the
talented SevenRooms management team have built the only vertically integrated
solution in the hospitality industry, which has enabled them to scale into a
global powerhouse. SevenRooms is uniquely positioned, and we are excited to
partner with the team to support their next phase of growth.”