Hotel technology solutions provider DerbySoft has raised $9 million in Series D round from technology-focused venture capital firm DCM.
The Shanghai-based company will use this new fund to strengthen its Metasearch Manager product and accommodate the demand by increasing the team size and improving operations.
Also, the company will use the capital to explore new opportunities like marketing services for hotels based on "real-time aggregated hotel booking data".
When asked DerbySoft about the new marketing service, a company official says:
DerbySoft's services include hotel distribution connectivity, metasearch marketing (MetaSearch Manager), and CRS caching services.
Co-founder and CEO of DerbySoft, Ted Zhang, says:
Co-founding partner of DCM China, Hurst Lin, says:
Founded in 2002 by Ted Zhang and Feng Ou, the company has offices in Dallas, Texas, London, Beijing and Tokyo.
Its customers of over 1,000 hotels include large hotel chains such as IHG, Hilton, Carlson- Rezidor, Hyatt, and Marriott, and small regional chains such as Home Inns, JinJiang Inns, and Greentree Inns.
DCM's other travel industry investments include eDreams Odigeo, Yongche (raised $60 million recently), and Tuniu (filed for $120 million IPO in US).