Canary Technologies raises $30 million in Series B funding to accelerate the modernization of guest technology at hotels around the world

SAN FRANCISCO – Canary Technologies, which is modernizing the hotel tech stack with the first fully mobile web end-to-end guest management system and its award-winning digital authorization solution, announced today that it has raised an additional $30 million in a series- B funding led by global software investor Insight Partners, with continued participation from F-Prime Capital, Y-Combinator, Thayer Ventures, Commerce Ventures and others. This brings the company’s total capital to date to US$45 million.

Canary continues to see significant growth driven by increasing demand for guest-centric technology solutions in the hospitality industry. This latest round of funding will be used to expand the team to keep up with high customer demand worldwide and enhance the platform’s solutions.

Trusted by thousands of hotels in more than 75 countries, Canary Technologies has partnered with well-known global brands including Four Seasons, Best Western, Rosewood Hotels and Radisson Hotels.

“Canary’s mission is to help hotel operators modernize their tech stacks to provide the best possible guest experience and remain competitive in the evolving hospitality landscape.” said Harman Singh Narula, co-founder of Canary Technologies. “Guests are looking to engage with digital solutions like contactless check-in and digital tipping, and hoteliers are increasingly using Canary’s platform to meet this demand and streamline operations. Insight Partners brings a wealth of experience with vertical software companies and we look forward to working together to further accelerate our growth globally,” said Narula.

Canary Technologies’ platform offers a range of products tailored to the specific needs of hoteliers, including contactless check-in, contactless checkout, guest messaging, digital upsells, digital tipping, digital authorizations and digital contracts. The company has seen exponential adoption of its platform, which has helped hoteliers increase revenue, improve guest experiences, and reduce chargebacks and fraud around the world.

“We have been truly impressed with the enduring business that the Canary team has built and their ability to accelerate growth, even in uncertain market conditions.” said Thomas Krane, Managing Director at Insight Partners. “This is a testament to the best-in-class solutions Canary offers hoteliers as they seek to deliver the digital experiences modern guests demand. We are excited to partner with Harman, SJ and the entire team at Canary Technologies to support their growth by helping advance technology in the hospitality industry.”

“In recent years, we’ve seen hoteliers everywhere proactively looking at the guest technology solutions that Canary offers.” said SJ Sawhney, co-founder of Canary Technologies. “There is a lot happening in the guest technology space and hoteliers are prioritizing it. We have a solid roadmap and look forward to committing additional resources to further accelerate our development of even more advanced tools and more comprehensive services for our hotel partners around the world. Our growth is a testament to the Canary team as they continue to innovate with our amazing hotel partners.”

“Guests expect magical customer experiences, and hotels deserve modern technology solutions that can deliver on those needs. Canary has proven it can innovate and deliver time and time again wherever the hospitality market moves. They are fast becoming the modern platform for guests in the hospitality industry and have a tremendous opportunity to reach hundreds of thousands of hotels worldwide. We look forward to continuing to support the team in the next phase of growth,” said Gaurav Tuli, Partner at F-Prime Capital

Co-founded by longtime friends and industry veterans, Narula and Sawhney bring years of hospitality and technology experience to Canary Technologies. Previously, Narula was a member of the Global Strategy Team at Starwood Hotels and Resorts and a business consultant at Bain & Company, where he advised senior executives in the hospitality and technology sectors. He is a graduate of the renowned Cornell School of Hotel Administration and the Wharton School at the University of Pennsylvania. Before co-founding Canary, Sawhney led product and technology at Stayful, a booking platform for independent and boutique hotels founded by the former President of Hotels.com. Sawhney is a serial entrepreneur who has successfully founded several venture-backed technology companies over the past decade. He is a graduate of Columbia University.

Visit https://www.canarytechnologies.com for more information.

About Insight Partners

Insight Partners is a global software investor that partners with high-growth technology, software and internet startups and scale-ups that are driving transformative change in their industries. As of June 30, 2022, the firm had over $80 billion in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and supported over 55 portfolio companies in their IPOs. Insight is headquartered in New York City with offices in London, Tel Aviv and Palo Alto. Insight’s mission is to find, fund and partner with visionary leaders by providing them with right-sized, right-time, practical software expertise on their growth journey from their initial investment to their IPO . For more information on Insight and all of its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

About Canary Technologies

Canary Technologies modernizes the hotel tech stack with the first mobile web end-to-end guest management system and its award-winning digital authorization solutions. Trusted by more than 20,000 hoteliers in more than 70 countries, including Four Seasons, Choice Hotels, Radisson Hotels and Ace Hotel Group, Canary digitizes everything from rebooking to checkout. Canary’s solutions help hotels eliminate paper processes, increase revenue through upsells, increase staff efficiency, ensure PCI compliance, improve guest experiences, and reduce chargebacks and payment fraud. Learn more at canarytechnologies.com.

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