What is OpenKey?
OpenKey stands as the largest independent provider of digital key technology for the hospitality sector. Leveraging extensive experience in technology solutions tailored for the hotel industry, OpenKey is dedicated to delivering advanced, user-friendly, and reliable systems. These solutions are designed to elevate the guest experience and optimize operational efficiency for hotels. The company's focus on innovation positions it as a key enabler for digital transformation within hospitality.
How much funding has OpenKey raised?
OpenKey has raised a total of $9.5M across 2 funding rounds:
Angel/Seed
$1.5M
Series A
$8M
Angel/Seed (2014): $1.5M, investors not publicly disclosed
Series A (2016): $8M led by Ashford Group of Companies and Phoenix American
Key Investors in OpenKey
Ashford Group of Companies
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in full-service hotels. The company is headquartered in Dallas, TX.
Phoenix American
Phoenix American Financial Services, Inc. provides financial services, including fund administration and accounting services for alternative investment funds.
What's next for OpenKey?
The recent major strategic investment signals a pivotal phase for OpenKey, likely enabling accelerated scaling of its operations and further development of its cutting-edge digital key platform. This infusion of capital is expected to fuel market penetration, enhance product offerings, and potentially explore new strategic partnerships within the broader hospitality technology ecosystem. The company's established presence and ongoing innovation suggest a strong outlook for continued growth and industry leadership.
See full OpenKey company page
