About Let It Rain
Let It Rain is a Travel & Hospitality company based in Alpharetta (United States) founded in 2009, and was acquired by Cendyn in July 2019. Revenue management and pricing software is provided for hospitality sectors. Let It Rain has raised $33.8 million across 2 funding rounds from investors including RealPage, SVB and Norwest Venture Partners. Let It Rain has completed 1 acquisition, including Rent Jungle. The company was acqui-hired. Its focus areas include Travel and Hospitality Tech, Hotel IT, Pricing Engine and Hotel. Its legal entity is CAPITOL SERVICES, INC. Its competitors include Duetto, IDeaS and LodgIQ; 3 of its 3 listed competitors have raised funding.
Company details
The Rainmaker Group was founded in 2009 and is headquartered in Alpharetta, United States. Revenue management and pricing optimization software is developed for the hospitality, gaming, and multifamily housing industries. Solutions such as guestrev for hotel and casino revenue, grouprev for group business optimization, and revintel for business intelligence are offered to support profitability analysis and competitive positioning. Operations focus on data-driven tools for sector-specific revenue strategies.
- Headquarters Alpharetta, United States
- Stage Acquired
- SectorsTravel & Hospitality
- Email••••••••
- Website letitrain.com
- Social LinkedIn
- Acquired by Cendyn (Jul 2019)
- Legal Name Capitol Services, Inc.
- Total Equity Funding$33.8M (USD)
in 2 rounds
- Latest Funding Round$33.8M (USD), Series A
Oct 2012
- InvestorsRealPage
& 3 more
- Investments & Acquisitions
- Acquired by
Funding Insights of Let It Rain
Let It Rain has successfully raised a total of $33.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $33.8 million completed in October 2012. 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 $33.8M
- Total Rounds 2
- Last Round Series A — $33.8M
- First Round $9M
(Sep 2011)
- Investors Count 2
All 2 funding rounds of Let It Rain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2012 | $33.8M | Series A | – | – | |
| Sep 2011 | $9M | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
Investors in Let It Rain
Let It Rain has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include RealPage, SVB and Norwest Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
AI-enabled property management software is provided for residential properties. | 1998 | realpage.com | Richardson, United States | |
Cloud-based CRM and digital marketing solutions are offered for hotels. | 1996 | cendyn.com | Boca Raton, United States |
Investor details for Let It Rain
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Investments & Acquisitions by Let It Rain
Let It Rain has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rent Jungle.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Apartment listings are aggregated from over 12,000 U.S. sites online. | rentjungle.com | Pittsburgh, United States | 2009 | Oct 2014 | •••• |
Complete acquisition details for Let It Rain
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Let It Rain
6 dated milestones of Let It Rain across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Let It Rain is founded.
- Funding First funding round of $9.0M.
- Funding Latest funding round, Series A, of $33.8M.
- Acquisition Acquires Rent Jungle.
- Exit Acquired by RealPage.
- Exit Acquired by Cendyn.
Competitors of Let It Rain
Let It Rain has 3 listed competitors in our database, 3 of them funded. They include Duetto, IDeaS and LodgIQ.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| duettocloud.com | 2012 | San Francisco, United States | $143.28M | 84 | Cloud-based revenue management solutions are provided for the hospitality sector. | |
| ideas.com | 1989 | Minneapolis, United States | $3.5M | Revenue management software and consulting for hospitality are provided. | ||
| lodgiq.com | 2015 | New York, United States | $5M | Revenue management solutions provider |
Detailed competitors of Let It Rain
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- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Let It Rain
Websites that share an audience with Let It Rain (letitrain.com).
Websites whose visitors overlap most with Let It Rain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
rainmakerportal.net | rainmakerportal.net | 100% | – | ||
therainmakergroupinc.com | therainmakergroupinc.com | 99% | #4,602,659 | – | |
rainmakersystems.com | rainmakersystems.com | 99% | – | ||
| ideas.com | 30% | 137K | #240,248 | View details |
Top companies in Hotel IT
3 companies that operate in the same segment as Let It Rain (Hotel IT) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for vacation rental management and synchronization. | 2013 | Walnut, California, United States | USD 409.25 M | |||
Browser-based software solutions for hotels and other accomodations | 2012 | San Diego, California, United States | USD 246.94 M | |||
Cloud-based revenue management solutions are provided for the hospitality sector. | 2012 | San Francisco, California, United States | USD 143.28 M | 84 |
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Related news about Let It Rain
Complete news archive for Let It Rain
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Frequently Asked Questions about Let It Rain
Let It Rain was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Let It Rain is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Let It Rain is a funded company, having raised a total of $33.8M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $9M, raised on Sep 2011.
The Rainmaker Group was founded in 2009 and is headquartered in Alpharetta, United States. Revenue management and pricing optimization software is developed for the hospitality, gaming, and multifamily housing industries. Solutions such as guestrev for hotel and casino revenue, grouprev for group business optimization, and revintel for business intelligence are offered to support profitability analysis and competitive positioning. Operations focus on data-driven tools for sector-specific revenue strategies.
Let It Rain has made 1 acquisition, including Rent Jungle.
Let It Rain has 4 investors. Key investors include RealPage, SVB, Norwest Venture Partners, and Cendyn.
Let It Rain operates through Capitol Services, Inc..
Yes. Let It Rain was acquired by Cendyn in July 2019.