ROH Raises $9M in New Funding Led by Highgate Technology Ventures and Acrew Capital
Summary
The investment will fuel ROHs rapid platform expansion and enhance its ability to process the continuous flow of data from contracts, invoices, payments, folios, and beyond. Of the $4 trillion in payments processed annually by hotels, over 80 percent requires manual intervention, including revenue associated with meetings and events, online travel agencies (OTAs), corporate and flight crew bookings, and more. ROH Boosts Operational Efficiency for Sales and Finance Teams: Automates manual workflows for payment processing, receipt sending, and refund management, eliminating administrative burden to increase focus on bigger-picture goals. ROH delivers on all those attributes and Jess impressed us with her expansive vision for the platform and the customer demand to back it up, said Raja Goel, Partner, Highgate Technology Ventures. Representative hospitality technology investments include Lighthouse, SevenRooms, Cendyn, Otelier, and Hotel Trader.Acrew is a thesis and values-driven venture fund, founded in 2019 by Lauren Kolodny, Theresia Gouw, Asad Khaliq, Mark Kraynak and Vishal Lugani.