# Revinate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/revinate

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.revinate.com
- Total disclosed funding: $49M
- Latest round: Series D (May 8, 2020)
- Investors on record: 9

## About

Revinate Inc. is a technology company based in the US that specializes in enhancing direct bookings for hotels through customer data and AI-driven solutions.Founded in 2009 in Palo Alto, US, Revinate Inc. focuses on providing technology solutions to the hospitality sector. The company has received funding through five deals, with its latest funding round being a Series D in May 2020, raising USD 8 mn led by Serent Capital. The current company valuation stands at USD 84.95 mn.Revinate specializes in providing a comprehensive suite of products designed to enhance direct bookings for hotels, leveraging advanced customer data and AI-driven technologies. Their core offerings include Revinate Marketing, which focuses on personalized marketing campaigns to attract and convert guests; Reservation Sales, which optimizes inbound and outbound call strategies; and Revinate Ivy, an AI-powered guest messaging platform that facilitates real-time communication with guests. Each of these products serves distinct use cases, such as increasing guest engagement, reducing reliance on online travel agencies (OTAs), and improving hotel reputation management through reviews and feedback analysis. The company caters to over 12,500 hotels globally, with a significant presence in markets including North America, Europe, and Asia-Pacific, enabling hoteliers to drive substantial direct revenue by transforming guest data into actionable insights.Revinate generates revenue primarily through a subscription-based model, where hotels pay for access to its suite of services, allowing them to enhance their marketing efforts and improve guest experiences. This model is designed to create long-term partnerships with clients, facilitating ongoing support and product updates. Transactions typically involve annual subscription fees that correlate with the scale and specific services utilized by the hotel. Through its various offerings, Revinate enables clients to manage and grow their direct revenue streams effectively, with a reported direct revenue impact of USD 17.2 bn facilitated through their platform. The pricing structure is tailored to the needs of individual hotels, with various plans available to accommodate different sizes and operational requirements, ensuring that clients receive optimal value for their investment.Revinate Inc. is focused on expanding its product offerings and geographic reach. Following the Series D funding round in May 2020, the company plans to invest in developing new products that further leverage AI capabilities to enhance guest interactions. Additionally, Revinate aims to expand into emerging markets in Asia and South America by the end of 2023, capitalizing on the increasing demand for technology solutions in the hospitality sector. The recent funding will support these initiatives, enabling the company to innovate and enhance its service delivery.

## Funding rounds

- Series D, May 8, 2020, $8M — Serent Capital
- Series C, Jun 8, 2016, $13M — Benchmark, Northgate Capital, Tenaya Capital, Formation8, Sozo Ventures, Tao Capital Partners
- Series B, Feb 2, 2015, $15M — Benchmark, Industry Ventures, Northgate Capital, Tenaya Capital, Learn Capital, Formation8, Tao Capital Partners
- Series A, Jul 25, 2012, $13M — Benchmark, Formation8

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series A, Series B, Series C
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series B, Series C
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series B, Series C
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Series B
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B, Series C
- Sozo Ventures (https://capitalatlas.ai/funds/sozo-ventures) — Series C
- Serent Capital (https://capitalatlas.ai/funds/serent-capital) — Series D