Duetto Closes $21M Financing
Summary
Duetto, a San Francisco, CA and Las Vegas, NV-based provider of hotel profit optimization software, closed a $21m financing.The round was led by Accel Partners, with participation with previous investors Battery Ventures, Altimeter Capital, Leland Pillsbury, founding partner, Co-Chairman and CEO of Thayer Lodging, and Marc Benioff, the founder, Chairman and CEO of Salesforce.com.The company intends to use the funds to extend its global reach.Founded by CEO Patrick Bosworth, Craig Weissman, and Marco Benvenuti, Duetto provides the world’s leading hotels with a pricing solution able to handle the complexity of different customer segments, room categories, length of stay restrictions and distribution channels.Since 2012, the company has signed hundreds of properties and is currently deployed in 16 countries.