ROH, a New York, NY-based payments management platform for the hospitality industry, has raised $9.2 million in funding.
Investors
The round was co-led by Highgate Technology Ventures and Acrew Capital.
Highgate Technology Ventures (HTV) is a value-added investment firm focused on venture and growth equity in the hospitality and travel sectors across North America and Europe. With offices in New York, London, and Dallas, HTV has made over 15 platform investments and 25 bolt-on acquisitions.
Founded in 2019, Acrew is a thesis- and values-driven venture fund with $1.7B in assets under management. The firm invests in companies from early to inflection growth stages across Fintech, Data & Security, and Health.
Raja Goel and Kurien Jacob of Highgate Technology Ventures, along with John Gardner of Acrew Capital, have joined ROH’s Board of Directors.
ROH Use of Funds
The company will use the funds to support platform expansion, focusing on automating data flows across contracts, invoices, and payments.
About ROH
ROH provides a payments management platform designed to modernize and streamline financial operations for the hospitality industry. Its end-to-end automated solution manages data across contracts, invoices, payments, and folios, providing real-time visibility into aging accounts receivable and improving operational efficiency. ROH proprietary AI technology integrates with existing systems to automate bookings and receivables, driving immediate profitability and productivity.
Funding Details
Company: ROH Platforms Inc.
Raised: $9.2M
Round: Unknown
Funding Date: April 2025
Lead Investors: Highgate Technology Ventures, Acrew Capital
Additional Investors:
Company Website: https://www.roh.co/
Software Category: Hospitality Tech / Payments Automation
Source: https://www.businesswire.com/news/home/20250421185479/en/