StageSeries A - II | Alive
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Expert Collections containing Resthour Technology
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Resthour Technology is included in 1 Expert Collection, including Travel Technology (Travel Tech).
Travel Technology (Travel Tech)
Tech-enabled companies offering services and products focused on hotels. This collection includes hotel booking services, virtual concierge solutions, staff management and products for connected rooms, among others.
Latest Resthour Technology News
Dec 27, 2020
Smart hotel solution provider RestHour secures tens of millions of yuan RestHour primarily serves hotels and home-share providers in top-tier cities that have to deal with a huge visitor flow. Smart hotel solution provider RestHour Technology announced that it had raised tens of millions of yuan in its Series A+ financing round, led by Koala Fund and joined by existing investor Bojiang Capital. The proceeds would be used for the research and development of self-service kiosk and online products, marketing and recruitment. Since its founding in 2017, Hangzhou-headquartered RestHour has completed three rounds of financing. Before the latest round, RestHour had received seed capital from the Beijing Financial Holding Group. In November 2018, the company banked tens of millions of yuan in its angel round financing , backed by Qidian Capital and Donglin Capital. In July 2019, it received RMB 50 million (around USD 7.26 million) in its Series A round funding . Bojiang Capital was the lead investor, and existing investors Qidian Capital and Donglin Capital also participated in the round. RestHour focuses on the research and development of software and devices for automatic hotel check-in. Its auto check-in system has incorporated an online-ID feature powered by the Ministry of Public Security. RestHour launched its self-service check-in platform in January 2018, enabling consumers to check in with the electronic ID feature of Alipay. RestHour primarily serves hotels and home-share providers in top-tier cities that have to deal with a huge visitor flow. Its smart front desk is connected to hotel PMSs, electronic door locks, WeChat and Alipay, as well as public security systems. It can automatically identify guests without staff intervention, thus simplifying the check-in process. RestHour’s system can also help hotel guests take an elevator, open guest-room doors and make purchases through facial recognition with their mobile phones. Koala Fund is an Internet industry capital venture initiated by listed financial service provider Lakala and jointly invested by Legend Holdings, CAS Holdings, Blue Focus Group and other investors. RestHour has also reached strategic cooperation with Lakala in this financing round. The partnership between the two companies will include online payment, intelligent applications and more, aiming to seamlessly connect self-service terminals with financial platforms. By leveraging Lakala’s financial resources, RestHour would enhance its advantages and bring more convenience to customers, according to RestHour’s founder and chairman Qi Wang. Share this article:
Resthour Technology Frequently Asked Questions (FAQ)
When was Resthour Technology founded?
Resthour Technology was founded in 2017.
Where is Resthour Technology's headquarters?
Resthour Technology's headquarters is located at 1818-2 Wenyi West Road, Hangzhou.
What is Resthour Technology's latest funding round?
Resthour Technology's latest funding round is Series A - II.
How much did Resthour Technology raise?
Resthour Technology raised a total of $9.64M.
Who are the investors of Resthour Technology?
Investors of Resthour Technology include Bojiang Capital, Lakala Koala Fund, Donglin Capital, iStart and Beijing Financial Holdings Group.
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