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New Deal


Announced

Completed

Providence Strategic Growth invested $50m Series B funding round in SevenRooms.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Domestic

digital software solutions

Private

Friendly

Software

Acquisition

Minority

United States

Private Equity

Completed

Synopsis

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Providence Strategic Growth, a frim that targets investments in lower middle market technology-enabled service companies primarily in North America, invested $50m Series B funding round in SevenRooms, a fully-integrated, data-driven guest experience platform for the hospitality industry. "PSG has deep experience partnering with management teams to scale vertical SaaS-based platforms to create global category leaders. 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," Joel Montaniel, SevenRooms CEO and Co-Founder.

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