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Announced

Completed

Insight Partners led a $30m Series B round in Canary Technologies.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Software

Venture Capital

Completed

Friendly

Private Equity

United States

Private

software development

Minority

Domestic

Single Bidder

Synopsis

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Insight Partners, a global software investor, led a $30m Series B round in Canary Technologies, which is modernizing the hotel tech stack with the first fully mobile web end-to-end Guest Management System. "We have been really impressed with the durable business that the Canary team has built and their ability to accelerate growth, even during uncertain market conditions. This is a testament to the best-in-class solutions Canary provides to hoteliers as they look to meet the digital experiences that the modern guests demand. We're very excited to partner with Harman, SJ, and the entire Canary Technologies team to support their growth as they help drive technology in hospitality forward," Thomas Krane, Insight Partners Managing Director.

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