We have an all-star group of investors and there was exceptional interest in this deal.
Victoria, British Columbia (PRWEB) March 11, 2015
Checkfront Inc, a leading provider of online cloud booking solutions, announced today that it has closed its first round of funding and raised $1 million in investments. Checkfront plans to use the funds to accelerate its rapid growth, pursue strategic partnerships, and grow the team.
“Checkfront's goal is to take the hassle out of managing bookings and reservations online” says Jason Morehouse, Co-founder. “Customers who come to us have usually reached the point where using outdated software or pen and paper bookings is hurting their business. Overbookings, high administration and lost sales is a big pain point for operators — that means they can’t focus on running their business. What gets us up in the morning is knowing we have a solution to help them.”
The financing was led by Rasool Rayani (co-founder Metalogix) and includes a local group of angel investors and successful entrepreneurs.
“We have an all-star group of investors and there was exceptional interest in this deal.” said Rayani. “Checkfront has made great progress establishing their leadership in an underserved market. We’re excited to work closely with them in this next stage of growth”.
“To date we’ve been funded by our customers.” said Grant Jurgeneit, Co-founder. “It’s forced us to pay extraordinary attention to their needs while staying profitable. We have no plans on changing that, and this round of funding will be used to further our customer-centric approach to building and selling our online booking solution”.
The group of investors includes Geordie Henderson (Hootsuite), Hannes Blum (AbeBooks/Amazon), Andrew Wilkinson (MetaLab), Bruce Livingstone (Stocksy), David Arnsdorf (Neverblue), Matt Harris & Brad Van Vugt (SendWithUs), Rajiv Khaneja (Sparklit), Todd Dunlop (RingPartner), Tobyn Sowden (Red Brick Media), Shaun Jamieson (SilkStart), Ben Fox (TapStream), Julien Sellgren (Metalogix), Ed Low (Western Foods), Steven Myhill-Jones & David Stevenson (Latitude Geographics), Randy Greencorn (Chatterblock), and Brandon Ellis (Checkfront).
Checkfront has processed over $350,000,000 (USD) in online bookings in the last twelve months, and has seen a 100% revenue growth year-over-year since launching in 2010. It provides a highly flexible booking and reservation system that can operate on almost any website, and offers over fifty free integrations into complementary services including Xero, WordPress, Mailchimp, TripAdvisor, Quickbooks and Stripe.
About Checkfront: Checkfront Inc is the provider of innovative cloud-based online booking software used by businesses in more than 80 countries around the world. With a team of 20 operating out of Vancouver and Victoria, BC, Checkfront is used by a wide variety of tour providers, accommodation managers, and rental businesses.
For more information or to try a free demo of Checkfront, please visit https://www.checkfront.com.