Victoria-based Checkfront, a B2B SaaS booking management platform for tours and activities, has closed a $9.3 million CAD Series A round of financing. The firm has raised $10.6 million CAD to date, which includes $1.3 million CAD in seed funding.
“I am proud of what we have achieved to date, with so little outside capital.”
– Jason Morehouse
The round was led by Framework Venture Partners and received participation from PenderFund Capital Management and Conconi Growth Partners. Checkfront will use the new funding to speed up the development of new products, acquire talent, grow sales and marketing efforts, and form new partnerships.
Framework Ventures founding partner Andrew Lugsdin will join Checkfront’s board of directors as part of the financing.
“I am proud of what we have achieved to date, with so little outside capital,” said Jason Morehouse, CEO of Checkfront. “It has given us great joy to see so many operators grow with us, and we promise to continue positively impacting the travel experiences industry.
“Today marks an amazing moment in our journey, for both Checkfront and our community, and we look forward to seeing our vision come to life,” Morehouse added.
Checkfront allows tour and activity operators to accept reservations, process payments, track customers, sign waivers and documents, and simplify pricing, seasonality, and inventory requirements through its platform.
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Since it was launched in 2010 by founders Grant Jurgeneit and Morehouse, Checkfront has grown to become the largest independent global booking platform, with more than 5,000 customers in over 120 countries, and $5.5 billion in online bookings processed. The platform has integrations with Square, Tripadvisor, Expedia, and Quickbooks, among others.
“Over 40 percent of operators worldwide still do not allow for online bookings or have the ability to check their inventory in real-time,” said Lugsdin. “We see a great opportunity in the market for a large independent platform, and we have confidence in Checkfront’s ability to successfully power tour and activity operators at scale.”
Image source Checkfront via Facebook