Virdee closes $12.4M Series A to fuel growth in hospitality sector

Austin-based Virdee, a provider of guest experience and check-in technology for hotels, has raised $12.4 million. The oversubscribed Series A round was led by Moneta Ventures with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory and other strategic partners. 

Founded in 2020, Virdee said it will use the funding to develop its technology, expand product features and grow its staff. The company’s total funding is now more than $21 million.

“We were drawn to Virdee’s value proposition - tech that improves the guest experience while enabling staff to do more,” said Brent Kelton, partner at Moneta Ventures and new Virdee board member.

“These weren’t just words. Virdee has a robust customer roster, has grown quickly and with its domain expertise in the hotel sector, is positioned to become a category-defining leader in the hospitality tech space. We are excited to partner with Virdee as it embarks on this new chapter of its growth.”    

Virdee’s platform automates all front desk transactions to improve the guest experience, eliminate lines and enable staff to focus on guest engagement. Hotels can use the solution in multiple ways – on their website, through an app or in a kiosk. In September 2022 Virdee announced the integration of CLEAR’s secure identity platform into Virdee’s solutions to power self check-in for CLEAR members.

Virdee said its clients include four of the largest casino hotels in Las Vegas and several other major hotel brands. The company said its revenue grew 600% in 2022, and it is expecting similar growth this year.

“We are pleased to announce the completion of our oversubscribed Series A funding from Moneta Ventures and others to support Virdee’s ongoing vision to transform the digital guest experience at hotels,” said Branigan Mulcahy, co-founder of Virdee.

“Moneta Ventures’ expertise and experience in helping scale businesses like Virdee is an irreplaceable asset to the company as we continue to penetrate the hospitality sector. As we already support some of the leading hospitality brands in the world, we are pleased to receive this Series A funding and excited to write the next chapter in our success story.”