PMS vendor BeyondHost raises US$10 million
Shanghai based PMS BeyondHost raised US$10 million in its Series A financing.
Chinese property management system (PMS) firm BeyondHost announced on January 6 it had raised US$10 million in its Series A financing with China Growth Capital confirming its participation. This financing round follows its multi-million RMB angel investment from IN Capital in April 2014.
Established in 2013 to provide tech solutions to hotels facing challenges and opportunities in the internet age, Shanghai-based BeyondHost has developed and launched an online hotel PMS that enables hotels to execute the entire management process on the Wechat platform.
BeyondHosts offers hoteliers autonomy in processing basic hotel services, from room selection to payment and check-in. Hoteliers can log in through the Wechat public account to use the Wechat-controlled guest room smart key function, handle guest inquiries in real time and check-out with the Wechat one-button function.
BeyondHost’s founders worked in Microsoft, Hanting Hotels and Ctrip previously. “BeyondHost aims to setup an online hotel open source platform to connect hotels’ software, hardware and services. Our core products are the online PMS, hotel mobile online marketing platform and smart hotel,” its founder and CEO Xiaoling Huang said.(Translation by David)