StayNTouch, Inc., a Potomac, MD-based developer of next-generation cloud-based solutions for hotels, received $1.6m in seed financing.
The round was led by Concur (Nasdaq: CNQR), through the Concur Perfect Trip Fund, with participation from Acceleprise. In conjunction with the funding, Concur Executive Vice President of Supplier Management and Advertising, Michael Koetting, will join StayNTouch’s board of directors.
The company intends to use the new capital to accelerate product development and expand sales operations.
Led by CEO Jos Schaap and EVP Sales Tim Kinsella, StayNTouch provides a cloud-based platform that manages all on-property touch points between hotel staff and guests. It connects guests to hotels, enabling guests to check-in/out, order hotel services, communicate to hotel staff, etc., via their smart-phone.