Cloudbeds plans to further invest in its hospitality management technology platform after landing an additional $82 million in funding.
Viking Global Investors led the Series C all equity-round, with participation from PeakSpan Capital, Recruit Co. Ltd., Counterpart Ventures and Cultivation Capital.
The San Diego-based company previously raised $21 million , including a $9 million Series B investment in 2017.
Since launching in 2012, Cloudbeds has been leveraged by more than 20,000 hotels, hostels, inns and alternative accommodations across 157 countries.
“Last year, we surpassed 1,000,000 rooms on our system and continue to add tens of thousands of new rooms every week,” says co-founder and CEO Adam Harris.
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