Checkfront checks in with $800,000 debut fund raise
Checkfront has raised $800,000 has ended five years of self-funding since launch with a first capital-raising effort.
The Canada-based company, which creates cloud-based booking tools for tours and activity operations, vacation rentals and hotels, says the CAN $1,00,000 round was led by Rasool Rayani of Metalogix and a group of local entrepreneurs and investors.
CEO Jason Morehouse claims Checkfront is now processing around $350 million worth of online bookings annually, but will use the round to accelerate product development, expand its 20-head team and work creating new strategic partnerships.
The product currently integrates with a number of services including Xero, Stripe, Quickbooks, Mailchimp and WordPress.