SoftBank Invests $150 Million in Tech Provider Cloudbeds
Photo Credit: Slo Living hostel in Lyon, France, has used Cloudbeds services to manage its property. Source: Slo Living hostel in Lyon Cloudbeds
Skift Take
SoftBank's high profile, despite some renowned misses, gives Cloudbeds some cachet. Still, Cloudbeds faces stiff competition in trying to break through with larger hotels.
Cloudbeds, a hospitality tech provider mostly serving independent hotels, hostels and vacation rentals, attracted a $150 million investment round led by new investor SoftBank Vision Fund 2.
The Series D financing, by far the largest round in Cloudbeds' nine-year history, brings its total venture funding to $253 million, the company said in its Wednesday announce
