The Rainmaker Group Receives $9M Debt Financing from Silicon Valley Bank
The Rainmaker Group, an Atlanta, GA, software as a service provider of revenue management and profit optimization solutions to multi-family housing, gaming properties and hospitality companies, has received a $9m debt financing from Silicon Valley Bank.
The company intends to use the new financing to accelerate its growth.
Led by CEO Bruce Barfield, Rainmaker currently provides revenue management software to more than 100 gaming properties worldwide and is contracted for use with more than one million multifamily housing units for owners and operators across the United States.
Multifamily housing operators using the software include Archstone, AvalonBay Communities, Equity Residential, Post Properties, Simpson Housing, Mid-America Apartment Communities. Gaming/Hospitality clients include Atlantis The Palm Dubai, Caesars Entertainment, IP Casino Resort Biloxi, Isle of Capri Casinos, MGM Resorts International, Omni Hotels & Resorts, Wynn Las Vegas, ect.