The company raised $13 million of Series C venture funding in a deal led by Sozo Ventures on June 30, 2016, putting the company's pre-money valuation at $66.56 million. Benchmark Capital, Formation 8, Northgate Capital, Industry Ventures, Tao Capital Partners, Tenaya Capital, GC Hotel Tech, Sherpa Capital, Amador Capital and Grassy Creek also participated in the round. The company will use the funding to accelerate product development, for normal corporate business expenses, including executive salaries and benefits.
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