About Room77
Room77 is a company based in Mountain View (United States) founded in 2010 was acquired by Hotel Planner in March 2019.. Room77 has raised $43.8 million across 4 funding rounds from investors including Expedia, Concur and Lola. Room77 has completed 2 acquisitions, including CheckMate and OpTrip. Room77 offers products and services including Room Reservations Platform and Membership Club. Room77 operates in a competitive market with competitors including Selina, Anyplace, Reservations.com, Red Roof and Residential Capital Management, among others.
- Headquarter Mountain View, United States
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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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Products & Services of Room77
Room77 offers a comprehensive portfolio of products and services, including Room Reservations Platform and Membership Club. 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.
Online platform for reserving hotel rooms and accommodations worldwide
Service offering discounts on bookings and flexible cancellation options
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Leadership Team
21 people
Sales and Marketing
6 people
Finance and Accounting
5 people
Product Management Team
5 people
Customer Team
3 people
Reservations Team
3 people
Software Development Team
2 people
Operations Team
2 people
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Funding Insights of Room77
Room77 has successfully raised a total of $43.8M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $30.3 million completed in November 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 Total Funding
- Total Rounds 4
- Last Round Series C — $30.3M
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First Round
First Round
(01 Apr 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2012 | Amount | Series C - Room77 | Valuation | Expedia | |
| Jun, 2011 | Amount | Series B - Room77 | Valuation | General Catalyst | |
| Feb, 2011 | Amount | Grant - Room77 | Valuation |
investors |
| 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 Room77
Room77 has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Expedia, Concur and Lola. 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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VC firm investing in the US
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Investments in technology startups are made by Felicis Ventures.
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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 Room77
Room77 has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CheckMate and OpTrip. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of social media engagement and application platforms
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2013 | ||||
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Automated travel planning using technology
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Room77
| 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 |
Room77 Comparisons
Competitors of Room77
Room77 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 Selina, Anyplace, Reservations.com, Red Roof and Residential Capital Management, 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 |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| domain | founded_year | HQ Location |
Long-term hotel stays are booked through an online platform.
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| domain | founded_year | HQ Location |
Reservations.com is operated as an independent online travel agency for hotel bookings.
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| domain | founded_year | HQ Location |
Hotel accommodations are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Residential property management solutions are provided for single-family homes.
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| domain | founded_year | HQ Location |
B2B marketplace for hotel rooms
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Room77
Frequently Asked Questions about Room77
When was Room77 founded?
Room77 was founded in 2010.
Where is Room77 located?
Room77 is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Room77 a funded company?
Room77 is a funded company, having raised a total of $43.8M across 4 funding rounds to date.
What does Room77 do?
Room77 was founded in 2010 and is headquartered in Mountain View, United States. The platform operates in the travel and hospitality sector, enabling users to locate hotels through map-based searches. Comparisons are provided based on price, ratings, and amenities, with image previews available for each property. Bookings are facilitated directly on the site using online payments.
Who are the top competitors of Room77?
Room77's top competitors include Selina, Red Roof and Reservations.com.
What products or services does Room77 offer?
Room77 offers Room Reservations Platform and Membership Club.
How many acquisitions has Room77 made?
Who are Room77's investors?
Room77 has 9 investors. Key investors include Expedia, Concur, Lola, Sutter Hill Ventures, and General Catalyst.
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