Rategain secures investment, targets North America and APAC
Ten years after launch, hotel IT business Rategain has confirmed its first ever funding round, with TA Associates stumping up the cash.
Financial details are not disclosed, although reports put the amount at between $32 million and $48 million.
The report goes on to say – without referencing any sources – that the deal values Rategain more than $160 million and that it is aiming to list on the Nasdaq with a valuation of more than one billion dollars.
TA Associates says that it has been watching Rategain for a while, liking its “compelling SaaS model…strong financial momentum and its high-quality and growing customer base.”