DIAMO, a New York-based AI-powered revenue platform purpose-built for independent hotels, has raised $4 million in seed funding.
Investors
The round was led by Thayer Ventures and Inovia Capital, with participation from Avalon Capital Group and a group of angel investors.
Thayer Ventures is an early-stage venture capital firm based in San Francisco, strategically focused on technology within the global travel and transportation industry. Thayer prioritizes early-stage B2B companies but selectively considers seed and later-stage deals with limited B2C activity. Thayer Ventures manages four active investment vehicles, with more than $300 million in capital deployed and more than 30 active portfolio companies.
Inovia Capital is Canada's leading full-stack software investor, partnering with founders to build impactful and enduring global companies. With three investment strategies—Discovery, Venture, and Growth—the team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia manages over US$2.5 billion with operations in Montreal, Toronto, Waterloo, Calgary, the Bay Area, and London.
As part of the funding, Tyler Carrico of Thayer Ventures will join DIAMO’s Board of Directors.
DIAMO Use of Funds
The company will use the funds to support its global expansion and accelerate product development, including the launch of its AI-powered assistant, “ANDI.”
About DIAMO
DIAMO is an AI-powered revenue platform designed to help independent hotels optimize their revenue strategies. The platform integrates automated dynamic pricing, omnichannel digital marketing, and a conversion-optimized website and booking engine, optimizing each stage of the guest booking journey. Headquartered in New York, DIAMO already serves properties across North America, Europe, Central America, Africa, and Asia.
Funding Details
Company: DIAMO
Raised: $4.0M
Round: Seed
Funding Date: April 2025
Lead Investors: Thayer Ventures, Inovia Capital
Additional Investors: Avalon Capital Group, angel investors
Company Website: https://diamo.ai/
Software Category: Revenue Management
Source: https://www.prnewswire.com/news-releases/diamo-raises-4m-to-empower-independent-hotels-with-ai-powered-revenue-platform-302422449.html