Groups360, a Nashville, Tenn.-based platform for booking group travel, closed a $35m funding round.
The round was led by Zigg Capital with participation from Blackstone Innovations Investments, and Fir Tree Partners. They join existing investors Accor, Hilton, IHG Hotels & Resorts, and Marriott International.
The company intends to use the funds to continue to grow its operations and expand further in EMEA and APAC.
Led by Kemp Gallineau, CEO, Groups360 provides real-time availability and instant booking capabilities for both hotel room blocks and meeting space, streamlining group travel for organizers, attendees, and hotels alike. The GroupSync™ platform, which is the company’s proprietary bookings marketplace, enables travel organizers and hoteliers to have access to enhanced global search capabilities, hotel group inventory and rates, and choice of purchasing method via instant booking or simplified proposal process. Groups360 also provides these capabilities to hotels via private label group booking engines.
Over the last 12 months, Groups360 has launched instant booking for group stays at over 7,000 hotel properties and booking capabilities at 200,000 hotel properties worldwide via GroupSync™. The company recently announced commercial partnerships with Omni Hotels & Resorts, TFE Hotels, and Premier Inn – joining the ranks of Accor, Hilton, IHG Hotels & Resorts, and Marriott International.
Groups360 also has offices in London, and Singapore.
FinSMEs
07/04/2022