Cloudbeds was founded in 2012 by Adam Harris, Phillip Kopp, and Richard Castle. The company has not publicly endorsed plans to participate in an IPO.
Cloudbeds is the developer of a hospitality platform that "combines solutions for reservations, distribution, revenue management, guest acquisition, and guest engagement in a single unified system." The company acquired OneRooftop in 2017, a vacation rental management software platform. In 2022, Cloudbeds acquired Whistle, a guest messaging platform for the hotel industry. Cloudbeds has received numerous awards from Forbes and Hotel Tech Report. The company has raised more than $250 million in venture capital funding from investors including SoftBank Vision Fund 2, Echo Street, Walleye Capital, Viking Global Investors, PeakSpan Capital, and Counterpart Ventures. Cloudbeds did not disclose valuation figures following a $150 million fundraise in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/03/2021 | Series D | $150MM | $xx.xx | $746.83MM | Counterpart Ventures, Echo Street, Peakspan Capital, Softbank, Viking Global Investors, Walleye Capital | |
Price per Share
$xx.xx
Shares Outstanding
77,736,311
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Counterpart Ventures, Echo Street, Peakspan Capital, Softbank, Viking Global Investors, Walleye Capital
|
||||||
03/11/2020 | Series C | $52MM | $xx.xx | $183.07MM | Counterpart Ventures, Cultivation Capital, Peakspan Capital, Recruit Company, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
69,222,577
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Counterpart Ventures, Cultivation Capital, Peakspan Capital, Recruit Company, Viking Global Investors
|
||||||
10/15/2019 | Series BB-2 | $19.55MM | $xx.xx | $108.09MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
31,183,207
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/15/2018 | Series BB-1 | $4MM | $xx.xx | $49.56MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,307,692
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/22/2017 | Series BB | $9.74MM | $xx.xx | $35.2MM | Clearvision Equity, Cultivation Capital, Includes Additional Investment From Nashville Capital, Peakspan Capital, Ttcer Partners | |
Price per Share
$xx.xx
Shares Outstanding
40,212,209
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Clearvision Equity, Cultivation Capital, Includes Additional Investment From Nashville Capital, Peakspan Capital, Ttcer Partners
|
||||||
02/02/2015 | Series A-3 | $4.83MM | $xx.xx | $13.88MM | Cultivation Capital, Eoncapital, Joe Maxwell, Moore Venture Partners, Seed San Diego, Tech Coast Angels | |
Price per Share
$xx.xx
Shares Outstanding
34,279,380
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cultivation Capital, Eoncapital, Joe Maxwell, Moore Venture Partners, Seed San Diego, Tech Coast Angels
|
||||||
12/17/2013 | Series A-1 | $384,990.00 | $xx.xx | $5.4MM | David Kloeppel, Gaylord Entertainment, Joe Maxwell, Nashville Capital Network | |
Price per Share
$xx.xx
Shares Outstanding
3,554,846
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
David Kloeppel, Gaylord Entertainment, Joe Maxwell, Nashville Capital Network
|
||||||
12/17/2013 | Series A-2 | $1.77MM | $xx.xx | $5.4MM | David Kloeppel, Gaylord Entertainment, Joe Maxwell, Nashville Capital Network | |
Price per Share
$xx.xx
Shares Outstanding
16,383,578
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
David Kloeppel, Gaylord Entertainment, Joe Maxwell, Nashville Capital Network
|