Hotel Management Startup Cloudbeds Raises $9 Million

Cloudbeds announced the completion of $9 million in Series B financing. Five investors participated in the round, including PeakSpan Capital, Nashville Capital Network, Cultivation Capital, and ClearVision Equity Partners.

Cloudbeds connects hotel properties to hundreds of channels with real-time, two-way integration. The company aims to be an all-in-one hotel management system for everything from room management to accounting, helping hotel owners earn more money, save time, and make guests happier.

In its announcement, the company said it will use the new funding to accelerate the release of new functionality.