Clubessential LLC, a Cincinnati, OH-based provider of online software for golf, city, yacht and other private clubs, received a growth equity investment from Battery Ventures.
In conjunction with the deal, whose specific terms were not disclosed, Morad Elhafed, a Battery Ventures partner, will join Clubessential’s board. The
The company intends to use the capital to accelerate growth by investing in product innovation, sales and marketing, and acquisitions.
Founded in 1998 and led by Dr. William Ivers, CEO, Clubessential sells front- and back-end “software-as-a-service” (SaaS) applications to private clubs to manage various aspects of their operations. The company’s main product is a suite of modules designed to automate various club operations; inform and engage members; and leverage operational and customer data. The product — called the “Clubessential Unified Suite™” — is a solution that allows club members to log into club websites, check their accounts, make reservations or update their profiles.
The back-end suite includes a full accounting system to support club operations, including retail and food-and-beverage, point-of-sale solutions.
The company, which also offers customer-relationship management, mobile-app and online-payment products, has about 175 employees in Cincinnati as well as Austin, TX.; Raleigh, NC; Kansas City, KS; and Boston, MA.
FinSMEs
25/07/2016