About Passkey
Passkey is a company based in Waltham (United States) founded in 1997 was acquired by Lanyon in May 2014.. Passkey has raised $18.4 million across 2 funding rounds from investors including Sabre, Lanyon and Galileo Partners. Passkey offers products and services including Passkey. Passkey operates in a competitive market with competitors including CloudBeds, Hotel Engine, TravelClick, HyperGuest and Pruvo, among others.
- Headquarter Waltham, United States
-
Sectors
Travel & Hospitality
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cvent Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Passkey
Passkey offers a comprehensive portfolio of products and services, including Passkey. 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.
Automates room block management for events and bookings.
Funding Insights of Passkey
Passkey has successfully raised a total of $18.4M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $14.4 million completed in January 2001. 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 2
- Last Round Series D — $14.4M
-
First Round
First Round
(01 Jun 1999)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2001 | Amount | Series D - Passkey | Valuation |
investors |
|
| Jun, 1999 | Amount | Series B - Passkey | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Passkey
Passkey has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Sabre, Lanyon and Galileo 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 |
|---|---|---|---|---|
|
Tech startups in Europe and the US are funded stage-agnostically.
|
Founded Year | Domain | Location | |
|
Business management solutions are offered to travel service providers.
|
Founded Year | Domain | Location | |
|
Event management and travel software is offered for enterprises.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Passkey
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Passkey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Passkey Comparisons
Competitors of Passkey
Passkey 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 CloudBeds, Hotel Engine, TravelClick, HyperGuest and Pruvo, 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 |
Browser-based software solutions for hotels and other accomodations
|
|
| domain | founded_year | HQ Location |
SaaS booking engine solution delivered for hotels and business travelers.
|
|
| domain | founded_year | HQ Location |
Cloud-based solutions for hospitality reservations and management are offered.
|
|
| domain | founded_year | HQ Location |
AI-powered web-based solutions for hotel booking management are provided.
|
|
| domain | founded_year | HQ Location |
App-based platform to rebook hotels for travelers
|
|
| domain | founded_year | HQ Location |
Web-enabled booking engine solutions for hotels and resorts are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Passkey
When was Passkey founded?
Passkey was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Where is Passkey located?
Passkey is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Passkey a funded company?
Passkey is a funded company, having raised a total of $18.4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Jun 01, 1999.
What does Passkey do?
Passkey was founded in 1997 as a travel technology company based in Waltham, United States. Operations focus on the hospitality sector, where web-based solutions are provided for handling group hotel reservations. Services include an online booking engine that allows attendees to reserve within contracted blocks, along with real-time reporting tools for event planners and hotels to track information and attendance.
Who are the top competitors of Passkey?
Passkey's top competitors include CloudBeds, Hotel Engine and HyperGuest.
What products or services does Passkey offer?
Passkey offers Passkey.
Who are Passkey's investors?
Passkey has 3 investors. Key investors include Sabre, Lanyon, and Galileo Partners.