# Resthour Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/resthour-technology

- Industry: Hardware
- Headquarters: Hangzhou, China
- Website: www.resthour.net
- Total disclosed funding: $7.3M
- Latest round: Series A (Dec 23, 2020)
- Investors on record: 4

## About

Resthour Technology specializes in providing intelligent hotel solutions that enhance operational efficiency and minimize labor costs, allowing hotels to streamline their guest check-in processes through innovative technology.Resthour Technology, founded in 2017 in Hangzhou, China, focuses on developing advanced self-check-in systems for the hospitality sector. The company has completed a total of 3 deals, with the latest being a Series A round in December 2020, raising CNY 50.00 mn led by Bojiang Capital Management Group and Donglin Capital. Qi Wang serves as the founder, bringing entrepreneurial expertise to the company.Resthour Technology offers intelligent hotel solutions aimed at improving operational efficiency and lowering labor costs for hotels. Their primary product is a 24-hour self-check-in system, empowering guests to check in independently and enhancing the overall guest experience. Their client base spans various segments, from boutique hotels to larger chains, and their solutions have been implemented in key urban areas across China as well as in potential international markets.Resthour Technology operates a B2B revenue model through partnerships with hotel operators who integrate their self-check-in systems. The revenue is generated primarily via subscription fees for access to their software and hardware solutions, supplemented by one-time installation fees for new clients. The pricing structure is designed to accommodate both small independent hotels and larger chains, with key offerings including self-check-in kiosks and accompanying reservation management software.Following the Series A funding round in December 2020, Resthour Technology plans to leverage the raised CNY 50.00 mn to expand its product offerings and enter new markets. The company is currently developing new features for their self-check-in system scheduled for release in 2022. Additionally, Resthour Technology aims to extend its presence in Southeast Asia and Europe by 2023, targeting hotels in regions that are increasingly adopting technology-driven solutions in hospitality.

## Funding rounds

- Series A, Dec 23, 2020 — Bojiang Capital Management Group, Koala Fund
- Series A, Jul 10, 2019, $7.3M — Bojiang Capital Management Group, Donglin Capital
- Angel, Nov 20, 2018 — I Start Venture Capital, Donglin Capital

## Investors

- I Start Venture Capital — Angel
- Donglin Capital (https://capitalatlas.ai/funds/donglin-capital) — Angel, Series A
- Bojiang Capital Management Group (https://capitalatlas.ai/funds/bojiang-capital-management-group) — Series A
- Koala Fund (https://capitalatlas.ai/funds/koala-fund) — Series A