Skift Take
Stayntouch historically has been focused on independent hotels, but now it wants to take on Oracle Hospitality and sign some more big players.
Stayntouch, the property management startup owned by hotel company MCR, has raised $48 million in venture capital.
The investment came solely from Sixth Street Growth, whose portfolio includes Airbnb, Spotify, the parking app Passport, fintech company Stripe, and others.
Stayntouch is a cloud-based property management system, the type of technology that hotels use to handle operations, such as check-in and check-out, payments, and housekeeping.
The company said revenue has grown 53% in 2023 compared to the prior year, driven by hotel groups, property management companies, and independent hotels.
The funding will go toward expanding in the U.S. and Europe, particularly Germany, the U.K., and France.
And Stayntouch is also considering acquisitions of other p