myDigitalOffice Secures $4 Million Series A Financing Round Led by FINTOP Capital
Hospitality tech company accelerates new product development.
WASHINGTON, Sept. 24, 2019 /PRNewswire-PRWeb/ -- myDigitalOffice, the hotel information management platform for sourcing, processing and storing hotel data in the cloud, today announced the company has secured $4 million dollars in Series A funding to further develop its transformative cloud-based data visualization and digital document management products. The round was led by FINTOP Capital, joined by Capital Now and others.
"We see tremendous momentum from myDigitalOffice in the market, driven by a first-rate executive team with deep domain expertise," said Joe Maxwell, Managing Partner of FINTOP, who joined the company's board. "The company is elegantly solving big problems for both hoteliers and their investors. It's no surprise they continue to accelerate growth."
myDigitalOffice is one of the fastest-growing companies in the emerging hospitality tech landscape. Founded in 2016 by Ali Moloo, myDigitalOffice solutions are now used at more than 2,000 hotels across the United States and Canada to bring efficiency to the back office, analyze consolidated hotel portfolios, and collaborate across departments and teams.
"It's an exciting time for the company and results show we have a competitive product with well-honed implementation," said myDigitalOffice founder and CEO Ali Moloo. "Funding will be used to accelerate the execution of our product roadmap, expand sales and scale customer success."
myDigitalOffice has seen rapid adoption of its data visualization dashboard, paperless night audit product, and digital document management solution over the last two years. The company's growth signals that the hospitality industry is ready to embrace digital transformation, performance data and sustainability initiatives in operations.
"myDigitalOffice is solving time challenges for hoteliers in a way that nobody has been able to," said industry advisor and company board member Tim Harvey, CEO, Core Ideas, LLC. "myDigitalOffice solutions break down industry silos from legacy systems and distributed data in a way that's simple to use and easy to understand. What they've done is leveled-up the ability of hoteliers' to effectively compete based on complete information."
Learn more about myDigitalOffice's mission to transform the hotel back office at https://mydigitaloffice.com/.
About myDigitalOffice
myDigitalOffice is an end-to-end information management platform for sourcing, processing and storing hospitality data in the cloud. The company's SaaS solutions help hotel owners, operators, franchisees and hospitality REITs manage property and portfolio performance to a tee. The visibility, connectivity, and control delivered by myDigitalOffice's cloud-based dashboards, document management software and integrated data feeds allow teams to reach greater levels of productivity, ensure regulatory compliance, and reduce environmental impact while optimizing profitability. Learn more at https://mydigitaloffice.com/.
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Serenity Thompson
A23 Advisors for myDigitalOffice
serenity(at)a23advisors.com
+1 415-846-6957
SOURCE myDigitalOffice
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