Based in Austin Virded, a provider of guest experience and check-in technology for hotels, raised $12.4 million. The oversubscribed Series A round was led by Moneta Ventures with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory and other strategic partners.
Founded in 2020, Virdee said it would use the funding to develop its technology, expand product features and increase its staff. The company’s total funding now stands at over $21 million.
“We were attracted to Virdee’s value proposition: technology that enhances the customer experience while empowering staff to do more,” said Brent Kelton, partner at Moneta Ventures and new board member. by Virdee.
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“It wasn’t just words. Virdee has a strong client list, has grown rapidly and, with its expertise in the hospitality sector, is positioned to become a benchmark leader in hospitality technology. We are excited to partner with Virdee as it begins this next chapter of its growth.
Virdee’s platform automates all front-of-house transactions to improve the guest experience, eliminate queues and allow staff to focus on guest engagement. Hotels can use the solution in several ways: on their website, via an app or in a kiosk. In September 2022 Virdee Announces Integration of CLEAR Secure Identity Platform in Virdee solutions to enable automatic registration for CLEAR members.
Virdee said its clients include four of Las Vegas’ largest casino hotels and several other major hotel brands. The company said its revenue grew 600% in 2022 and it expects similar growth this year.
“We are pleased to announce the completion of our oversubscribed Series A funding from Moneta Ventures and others to support Virdee’s continued vision to transform the digital guest experience in hotels,” said Branigan Mulcahy, co-founder of Virdee.
“Moneta Ventures’ expertise and experience in helping companies like Virdee grow is an irreplaceable asset to the company as we continue to enter the hospitality industry.” As we already support some of the largest hotel brands in the world, we are thrilled to receive this Series A funding and excited to write the next chapter in our success story.
