Virdee, an Austin, Texas-based SaaS company, has raised $12.4 million in an oversubscribed Series A funding, bringing its total funding to $21 million.
SaaS Investors
The round was led by Moneta Ventures, with participation from Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory, and other strategic partners.
Moneta Ventures is an early-stage venture capital firm with offices in Austin, TX, and Folsom, CA. The firm invests in high-growth B2B technology companies along the US West Coast and Texas. Moneta Ventures has invested in more than 45 companies in underserved and emerging venture markets since 2014.
Virdee Use of Funds
The company will use the funds for research, expanding product features, growing the workforce, and strengthening the company’s presence in the hospitality sector.
About Virdee
Founded in 2020 by Nadav Cornberg and Branigan Mulcahy, Virdee is a SaaS Virdee is a SaaS company that provides virtual reception and customer engagement software for clients and their tenants, guests, and other stakeholders. Virdee's platform digitally connects guests and hotels, automating front desk transactions seamlessly, enhancing guest experiences, eliminating queues, and transforming front desk staff into guest relationship managers. Virdee helps building owners reduce costs and generate ancillary revenue by automating front-of-house workflows via its mobile application and in-lobby experiences. Using an API-first approach, Virdee connects platforms for ID verification, payment collection, access control, and remote support.
Funding Details
Company: Virdee, Inc.
Raised: $12.4M
Round: Series A
Funding Month: November 2023
Lead Investors: Moneta Ventures
Additional Investors: Silverton Partners, Koch Real Estate Investments, Alumni Ventures, DJR Advisors, Capital Factory
Company Website: https://virdee.io/
Software Category: Virtual Reception Software
Source: https://virdee.io/virdee-closes-on-12-4m-in-series-a-funding-led-by-moneta-ventures/