Virdee closes seed financing with additional $5M

Texas-based hospitality startup Virdee has closed its seed financing round with an additional $5 million, bringing the total raised to $9 million.

The new funding was led by prior investor Silverton Partners, with participation from all other prior investors including LiveOak Venture Partners and DJR Advisors.

Founded in 2020, Virdee provides digital check-in and virtual concierge solutions that can be embedded into a brand’s existing mobile app and that integrate with door lock and property management systems.

Current partners include Oracle, Infor HMS, SALTO, Assa Abloy, Dormakaba and Shift4, and the company says it is rapidly adding new integrations. In October Virdee announced it is working with Virgin Hotels to improve the brand’s digital check-in experience.

“This financing comes on the heels of a year of rapid growth for Virdee, and we look forward to announcing several new hotel-brand partnerships in the coming months,” says Branigan Mulcahy, co-founder of Virdee. 

“We are grateful to our investors who share our vision for the future of guest experience technology, and we look forward to working together to bring secure, one-click check-ins to the hotel industry.”

Says Morgan Flager, managing partner at Silverton: “Virdee is well positioned to capitalize on pressing lodging industry trends, particularly the immediate need for contactless interactions between staff and guests. We recognize the early impact Virdee is making in the lodging space and are big believers in the company’s potential to rapidly scale.”

Virdee’s last funding came in April 2021, with $2 million added to its seed round.