StayNTouch (TechBUZZ ’13 Spring) Secures $9.5M Series A Funding
Washington D.C., February 3, 2016 – StayNTouch, an innovator in mobile technology and Property Management Systems (PMS) for hotels, today announced the closing of a $9.5M financing led by Concur’s Perfect Trip Fund and Shiji (Hong Kong) Ltd, to build out the company’s solutions worldwide. StayNTouch is leading the next generation of hotel management technology with a growing client list including MGM Resorts International, Yotel and distinctive resorts such as The Fontainebleau.
Also participating in the round are Triangle Peak Partners, and Acceleprise.
StayNTouch’s cloud-based hotel PMS tackles one of the biggest problems facing the hotel industry – leveraging emerging technology in mobility to connect hotel staff and guests to enhance the guest experience and drive increased guest revenue.
StayNTouch’s Founder and CEO, Jos Schaap, said, “At a time when consumers are demanding efficient, personalized service delivered through mobile devices, hotels continue to wrestle with antiquated property management systems that cannot keep pace with consumer preferences. At the same time, they need to modernize hotel operations through advanced cloud applications. StayNTouch dramatically streamlines operations and increases margins, and revolutionizes how the hotels connect and engage their guests and how guests experience their hotels.”