HOF Capital, Select Venture Partners and Camber Creek led a $2.7 million Series A funding in OPTii, which provides hotel housekeeping management software. Proceeds from the funding will allow OPTii to accelerate its international expansion, expand sales and marketing and add new capabilities to the company’s services.
Press Release
Closely following a string of significant customer acquisitions, OPTii, an innovative provider of hotel housekeeping management software, announced it has successfully raised $2.7 million in its Series A investment round. The financing was led by HOF Capital, Select Venture Partners, and Camber Creek.
“We are excited to partner with HOF Capital, Select Venture Partners, and Camber Creek, who together bring to OPTii a wealth of strategic hotel industry relationships and experience with global software delivery,” said Daniel Ives, Chief Executive Officer of OPTii Solutions. “With this funding and the strong value proposition offered by OPTii, we are now positioned to rapidly expand on our international customer successes throughout the hospitality market.”
Using the OPTii Keeper software solution, hotel housekeeping operations achieve immediate and measurable improvements to their overall efficiency, customer service, and staff satisfaction. The cloud-based platform consistently produces tangible, daily returns on investment.
Proceeds from this new investment by HOF Capital, Select Venture Partners, and Camber Creek will enable OPTii to accelerate its international expansion, expand its sales and marketing team, and add innovative new capabilities to OPTii’s already-powerful, cloud-based suite of housekeeping management solutions.
“Camber Creek is extremely excited to participate in OPTii’s Series A round. We understand the importance of hospitality management and the impact it has on an organization’s bottom-line. Because housekeeping is one of a property’s largest annualized expenses, it makes sense to automate and streamline as much as possible, thereby freeing up attendants to enhance the customer experience,” said Casey Berman, Managing Director, Camber Creek.
Onsi Sawiris, Managing Partner and Co-Founder of HOF Capital, added, “HOF Capital is thrilled to be backing the OPTii team. With our reach into global hospitality and the 25% ROI being demonstrated through the use of OPTii’s product line, we are confident in our ability to facilitate the rapid growth and reach of OPTii into new markets. We believe that the additional capital and access to our worldwide partner network will enable OPTii’s innovative cloud-based solution to become the new global standard in automated hotel housekeeping optimization.”
About HOF Capital
HOF Capital is a global venture capital firm that invests in transformative technology start-ups with international expansion potential. The firm leverages its extensive partner network and regional expertise to assist companies in scaling their global footprint. Guided by this investment strategy, HOF Capital provides entrepreneurs with both the funding and access to markets necessary for sustained, accelerated growth.
About Select Venture Partners
Select Venture Partners is an early stage, post-seed/pre-Series A investment management firm, with an experienced team of proven software industry veterans. The firm invests two crucial elements into early stage software companies – capital and experience – to launch early stage companies to the next level.
About Camber Creek
Camber Creek is the corporate venture arm of Berman Enterprises, a real estate development firm that owns and manages over 9 million square feet of office, retail, and multifamily properties. Camber Creek leverages 60 years of real estate experience and entrepreneurial spirit to help passionate people with great ideas develop valuable products and solutions.
About OPTii Solutions
OPTii Solutions is an expert team of seasoned hotel managers and software developers, passionate about improving the business of housekeeping in hotels and resorts around the globe. Headquartered on Australia’s Sunshine Coast, OPTii Solutions provides software solutions that are directly geared to deliver productivity improvements, quality increases, training enhancements and an overall more structured and efficient operation. With its OPTii Keeper solution, the company supplies large international hotel clients throughout Asia, Europe, the Middle East, Australia and North America.
For further information regarding OPTii Solutions, see: http://www.OPTiisolutions.com.
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