Friday, February 3, 2023

Canary Technologies raise $30m to enhance hotel platform

Hospitality tech company Canary Technologies has secured $30 million in Series B funding to expand its team to keep pace with global demand, and enhance its platform’s solutions.

The round was led by global software investor Insight Partners, with continued participation from F-Prime Capital, Y-Combinator, Thayer Ventures, Commerce Ventures and others.

Founded in 2017, Canary Technologies is based in San Francisco. This latest infusion brings its fundraising total to $45 million. Canary Technologies’ platform is used by thousands of hotels in more than 75 countries, and offers an array of products, including contactless check-in, contactless checkout, guest messaging, digital upsells, digital tipping, digital authorizations and digital contracts, according to the company.

“We have a robust roadmap and are excited to use additional resources to further accelerate our development of even more advanced tools and in-depth services for our hotel partners around the world,” says SJ Sawhney, co-founder of Canary Technologies.

The company says it has experienced “significant growth due to the accelerating demand for guest-facing technology solutions in the hospitality industry.” Canary Technologies has partnered with global brands, including Four Seasons, Best Western, Rosewood Hotels, and Radisson hotels.

“Canary’s mission is to help hotel operators modernize their tech stacks to deliver the best guest experience possible and remain competitive in the evolving lodging landscape,” says Harman Singh Narula, co-founder of Canary Technologies.

“Guests want to engage with digital solutions, like contactless check-in and digital tipping,” Narula continues, “and hoteliers are increasingly adopting Canary’s platform to meet this demand and streamline operations.”

“Insight Partners has a wealth of experience with vertical software companies, and we’re excited to work together to continue to accelerate our growth across the globe,” added Narula.

Thomas Krane, managing director at global software investor Insight Partners said,  “We have been really impressed with the durable business that the Canary team has built and their ability to accelerate growth, even during uncertain market conditions.”

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