Hotel Hangzhou GreenCloud Tech, a China-based provider of business management software for the hotel industry, has secured about RMB100m ($14m) from investors including online travel agency Trip.com, DealStreetAsia reported on Friday.
Trip.com took part in the series B-plus round through its Shanghai Kehui Investment vehicle, and it also featured financial services firm China Merchants Bank, according to an announcement on GreenCloud’s WeChat account.
Founded in 2010, GreenCloud has built an integrated software offering that combines property management, e-commerce and data analytics, and reportedly provides the product to some 18,000 hotels.
The company closed $12.8m in series A-plus equity and debt financing in 2016, including $6.8m in equity funding from Leading Capital, Macro Vision Capital and Xia Ju Investment. It received a further $28.4m in series B funding from Cowin Capital in May 2018.
