Thynk, a Brussels, Belgium-based global provider of advanced technology solutions for data-driven hotel sales and operations management, raised $13 million in Series A funding.
The round was led by European venture capital firm, Singular, with participation from a New York-based fund managed by Itai Tsiddon, Belgian investment firm CNP (Groupe Frère), and returning investors such as Fly Ventures.
The injection of capital combined with Thynk’s impressive revenue growth will further fuel the company’s accelerated R&D efforts as well as its ongoing global expansion, with teams and customers already present in European, American, and Middle East hospitality markets.
“Our rapid success lies in our ability to empower the hospitality industry with a core solution that triggers business agility and performance, by streamlining sales, operations, and finance processes both on property and at an enterprise level,” said Pascal Petit, CEO of Thynk. “Everything we invest in serves our ultimate mission of enabling hoteliers to do more with less, to adapt faster to market changes, and to focus on what leads to higher profit margins. Using this newest source of funding, our global team is determined to accelerate our ambitious strategies which include further enriching our data-driven and customer-centric revenue operating solution, solidifying our international presence and empowering more hotel brands, operators, and asset managers around the world with tools proven to boost both efficiency and revenue.”
Company: Thynk SA
Raised: $13.0M
Round: Series A
Funding Month: April 2023
Lead Investors: Singular
Additional Investors: Itai Tsiddon, CNP, and Fly Ventures
Company Website: https://www.thynk.cloud/
Software Category: Hospitality CRM
About the Company: Thynk is a hospitality cloud solution servicing the corporate travel and MICE industry. Its customer-centric and data-driven modules integrate use cases built by hoteliers, for hoteliers. Thynk provides an end-to-end, multi-property hospitality sales and operation solution, focused on driving higher-margin sales through data-driven decision-making. Powered by Salesforce®, the Customer Relationship Management (CRM) platform, Thynk covers the entire life cycle of any hospitality process to simplify and automate sales, operations, finance, decision-making, and data management. It integrates in real-time with the Property Management Systems (PMS) and Point of Sales (POS) to deliver a comprehensive and actionable data platform in one centralized and agile process automation and guest communication solution.
Source: https://www.thynk.cloud/press-releases/thynk-raises-13million-of-seriesa-funding