DerbySoft Closes $9M Series D Funding
DerbySoft, a Shanghai, China-based platform that connects hotels to travel booking sites, closed a $9m Series D funding.
DCM made the investment through the new DCM Ventures China Fund.
Founded in 2002 by CEO Ted Zhang and CTO Feng Ou, DerbySoft connects hotel customers’ central reservations systems (CRS) and third-party CRSs such as Trust International, and Sabre Hospitality Solutions / SynXis, to online booking and metasearch sites around the world, such as Booking.com, Google, Kayak, Travelocity, Room key, Tripadvisor, Ctrip, Elong, Trivago, Qunar, Kuxun, Taobao, Weibo, Tourico, H.I.S, Wotif, HotelBeds, and others.
Customers include the largest hotel companies in the world, such as IHG, Hilton, Carlson- Rezidor, Hyatt, Shangri-La, and Marriott, and as well as smaller regional chains including Home Inns, JinJiang Inns, Greentree Inns, and more than 1,000 independent hotels in China.
The company, which has offices in Dallas, Texas, and London, Beijing and Tokyo, has also developed a system for hotel room providers — which can include online travel agencies, tour operators, etc. — to manage and optimize their real-time bidding, placement and ad spending on metasearch sites such as Google.