Virdee – a leader in guest experience technology and check-in automation – recently announced that it has raised $12.4 million in an oversubscribed Series A funding round led by Moneta Ventures with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory and other strategic partners. And Virdee will use this funding round to further the company’s technological innovation with expanded product features and functionality while growing its workforce and deepening its presence in the hospitality sector.
This funding round follows previous Series Seed financing led by Austin-based Silverton Partners in February 2022 and a 2020 angel investment led by Rajiv Trivedi, former President of La Quinta Inns & Suites. Virdee’s total funding has now surpassed $21 million.
Launched in 2020 by Nadav Cornberg and Branigan Mulcahy, Virdee has seen massive expansion over the past two years, registering nearly 600% revenue growth in 2022 with similar expectations for 2023. And Virdee’s platform connects guests and hotels via digital applications and AI, seamlessly automating all front desk transactions. Everyone from large hotel brands to boutique properties can plug Virdee’s solutions into their existing digital experience, elevating the guest experience, eliminating lines, and turning front desk staff into guest relationship managers. Virdee’s installation base includes four of the largest casino hotels in Las Vegas and several other major hotel brands.
Virdee is focused on enabling technological transformation across the hospitality industry while helping clients successfully deploy a virtual reception. And the company’s contactless hotel check-in experience works anywhere and with any system while supporting 100% of guest check-ins.
KEY QUOTES:
“We were drawn to Virdee’s value proposition – tech that improves the guest experience while enabling staff to do more. These weren’t just words. Virdee has a robust customer roster, has grown quickly and with its domain expertise in the hotel sector, is positioned to become a category-defining leader in the hospitality tech space. We are excited to partner with Virdee as it embarks on this new chapter of its growth.”
– Brent Kelton, Partner at Moneta Ventures, and new Virdee board member
“We are pleased to announce the completion of our oversubscribed Series A funding from Moneta Ventures and others to support Virdee’s ongoing vision to transform the digital guest experience at hotels. Moneta Ventures’ expertise and experience in helping scale businesses like Virdee is an irreplaceable asset to the company as we continue to penetrate the hospitality sector. As we already support some of the leading hospitality brands in the world, we are pleased to receive this Series A funding and excited to write the next chapter in our success story.”
– Branigan Mulcahy, Co-Founder of Virdee
“For hospitality brands, Virdee’s pursuit of streamlining and simplifying the hotel check in process and the digital guest experience has resulted in an offering that is truly a value-add with incredible speed-to-market via our SDK. As we innovate and add new features, we see our client base expand in kind. In founding a company such as Virdee, our key goal has always been to deliver unparalleled value to the hospitality marketplace.”
– Nadav Cornberg, Co-Founder of Virdee
