SevenRooms Raises $50M Series B Funding

NEW YORK—SevenRooms has raised a $50-million Series B funding round led by Providence Strategic Growth (PSG). This latest funding aims to support SevenRooms’ continued global expansion and enable the company to further enhance the industry’s only end-to-end guest experience platform focused on helping operators build profitable, direct relationships with their guests. In conjunction with the investment, PSG Managing Director Adam Marcus will join SevenRooms’ Board of Directors.

As an end-to-end global platform with a full suite of products that unlocks a 360-degree view of every guest across both on- and off-premise, SevenRooms’ CRM-driven platform includes reservation, waitlist and table management, online ordering, contactless order and pay, reputation management and marketing automation. These mission-critical products enable hospitality operators to increase revenue and profitability by leveraging data to build direct relationships, deliver exceptional experiences and increase repeat visits and orders.

SevenRooms has partnered with hospitality brands to help drive guest experiences for more than 500 million bookings globally. The company’s client portfolio ranges from independent restaurants to global enterprises, including Bloomin’ Brands, Mandarin Oriental Hotel Group, MGM Resorts International, Wolfgang Puck, Michael Mina, D&D London, Corbin & King, Jumeirah Group, Black Sheep Restaurants, Zuma and Topgolf.

“PSG has deep experience partnering with management teams to scale vertical SaaS-based platforms to create global category leaders,” said Joel Montaniel, CEO/co-founder at SevenRooms. “With our latest fundraise, we have positioned SevenRooms with the right resources and partner to empower operators worldwide to do more with less, increasing loyalty, revenue and profitability while helping operators make their guests feel at home. We’re excited to continue innovating as the only 360-degree guest experience platform available on the market today that addresses every aspect of the guest journey, powered by a purpose-built CRM, robust operational tools and an automated marketing engine.”

“SevenRooms is a category-defining company that provides a vital solution to hospitality operators worldwide,” said Adam Marcus, managing director at PSG. “SevenRooms is uniquely positioned, and we are excited to partner with the team to support their next phase of growth.”