What is Cloudbeds?
Cloudbeds, founded in 2012 and headquartered in San Diego, California, offers a comprehensive property management system designed for the hospitality industry. The software aims to streamline operations for hotels, hostels, and vacation rentals by integrating various functions such as booking management, channel management, and guest communication. The company's solutions are geared towards enhancing operational efficiency and improving the guest experience, positioning Cloudbeds as a key player in the rapidly evolving travel technology landscape. The consistent flow of investment indicates strong market confidence in their business model and future prospects.
How much funding has Cloudbeds raised?
Cloudbeds has raised a total of $248.4M across 6 funding rounds:
Angel/Seed
$800K
Other Financing Round
$3.5M
Series A
$3.1M
Series B
$9M
Series C
$82M
Series D
$150M
Angel/Seed (2012): $800K, investors not publicly disclosed
Other Financing Round (2015): $3.5M led by Tech Coast Angels
Series A (2016): $3.1M supported by Cultivation Capital, EON Capital, Moore Venture Partners, and Seed San Diego
Series B (2017): $9M featuring PeakSpan Capital, TTCER Partners, Cultivation Capital, Nashville Capital, and ClearVision Equity
Series C (2020): $82M backed by PeakSpan Capital LLC, Recruit Holdings Co. Ltd, counterpart.vc, Cultivation Capital, and VIKING GLOBAL INVESTORS L.P.
Series D (2021): $150M with participation from Walleye Capital, PeakSpan Capital, Echo Street Capital Management, SoftBank Group, Viking Global Investors, and Counterpart
Key Investors in Cloudbeds
Walleye Capital
Walleye Capital is a global multi-strategy investment firm that focuses on innovation through deep fundamental research, quantitative methods, and artificial intelligence to generate alpha across global markets.
PeakSpan Capital
PeakSpan Capital is a growth equity firm based in New York City and Silicon Valley, specializing in partnering with growth-stage software companies. They focus on delivering operational support and strategic guidance to help entrepreneurs scale their businesses effectively.
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies.
What's next for Cloudbeds?
With significant enterprise-level backing and a recent major strategic investment, Cloudbeds is well-positioned for accelerated growth. The company is likely to focus on expanding its market reach, enhancing its technological capabilities, and potentially exploring strategic acquisitions. Continued investment in product innovation will be crucial to maintain its competitive edge in the dynamic property management software market. The company's trajectory suggests a focus on scaling its operations to meet the increasing global demand for integrated hospitality solutions.
See full Cloudbeds company page
