RainFocus Raises $40 Million for Event Tech: Travel Startup Funding This Week
Photo Credit: A recent Oracle OpenWorld event at the Oracle Arena in Oakland, California. The tech company has used the event management services of startup RainFocus to handle its customer convention. RainFocus, an event tech company, has raised $40 million, while other travel startups have also raised venture capital rounds. Oracle
Skift Take
This week travel startups announced funding for event management tech (RainFocus and B Network), luggage with power ports (Horizn Studios), short-term rental booking in Vietnam (Luxstay), and travel rewards tools for financial companies (Upgrade Pack).
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week travel startups announced more than $89 million in funding.
>>RainFocus, an event tech company, has raised $40 million in an unspecified "strategic growth" round.
JMI Equity led the investment. This is the first time the Lindon, Utah-based company has raised funding since its 2014 founding.
RainFocus, which employs 140 people, said that its marketing platform offers full event management platform from one cloud-based dashboard. One of its signature clients is Oracle, which has used it to manage customer events.
The event tech sector has been consolidating, though new players always pop up.
>>B Network, the booking and hotel management platform for event organizers, has raised $34.5 million (€30 million).
Ring Capital led the round.
