About Checkfront
Checkfront is a company based in Victoria (Canada) founded in 2010.. Checkfront has raised $8.51 million across 3 funding rounds from investors including RBC Royal Bank, Framework Venture Partners and Conconi Growth Partners. Checkfront offers products and services including Booking Software, Checkfront Payments, and Integrations. Checkfront operates in a competitive market with competitors including TrekkSoft, GlobalTix, Xola, travel Compositor and Redeam, among others.
- Headquarter Victoria, Canada
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.51 M (USD)
in 3 rounds
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Latest Funding Round
$6.91 M (USD), Series A
Mar 09, 2020
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Investors
RBC Royal Bank
& 3 more
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Employee Count
Employee Count
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Products & Services of Checkfront
Checkfront offers a comprehensive portfolio of products and services, including Booking Software, Checkfront Payments, and Integrations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for handling online reservations and resource allocation
System for secure transaction handling in bookings
Features for linking with external platforms like OTAs
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Funding Insights of Checkfront
Checkfront has successfully raised a total of $8.51M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.91 million completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $6.9M
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First Round
First Round
(11 Mar 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - Checkfront | Valuation | Framework Venture Partners | |
| Nov, 2016 | Amount | Seed - Checkfront | Valuation |
investors |
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| Mar, 2015 | Amount | Seed - Checkfront | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Checkfront
Checkfront has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include RBC Royal Bank, Framework Venture Partners and Conconi Growth Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software startups are invested in by Framework Venture Partners.
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Founded Year | Domain | Location | |
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Company investments and philanthropy are managed by the family office.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Checkfront
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Checkfront
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Checkfront Comparisons
Competitors of Checkfront
Checkfront operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrekkSoft, GlobalTix, Xola, travel Compositor and Redeam, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Booking and channel management software is provided for tour operators.
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| domain | founded_year | HQ Location |
SaaS-driven end-to-end ticketing & distribution solution for the travel industry
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| domain | founded_year | HQ Location |
Booking and payments software is offered for tourism operators.
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| domain | founded_year | HQ Location |
Software for multidestination B2B & B2C travel reservations
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| domain | founded_year | HQ Location |
Channel management solutions for tour providers are delivered by Redeam.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Checkfront
Frequently Asked Questions about Checkfront
When was Checkfront founded?
Checkfront was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is Checkfront located?
Checkfront is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.
Is Checkfront a funded company?
Checkfront is a funded company, having raised a total of $8.51M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 11, 2015.
What does Checkfront do?
Checkfront is an online booking system for tour, travel and leisure activities. Used to manage accommodation, events, rentals, professional services and includes features like managing inventories, bookings, payments, invoices, customer insights, business reports, integration with mail chimp, trip advisor and many others. Customers can book using website or through facebook. Claims to have processed over 350 million USD in online bookings annually and has over 2000 paying businesses accepting bookings online in 80 countries.
Who are the top competitors of Checkfront?
What products or services does Checkfront offer?
Checkfront offers Booking Software, Checkfront Payments, and Integrations.
Who are Checkfront's investors?
Checkfront has 4 investors. Key investors include RBC Royal Bank, Framework Venture Partners, Conconi Growth Partners, and Pender Growth Fund.
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