Today SiteMinder, an Australian software company focused on the hotel industry, announced a $70 million (USD) round that values the company at $750 million. That’s about $1.08 billion in Australian dollars, making the firm a Down Under Unicorn, even if it’s a bit shy here in America. According to SiteMinder, the round was “led by equity funds managed by BlackRock.” The company has previously raised capital from TCV and Bailador. TechCrunch discussed SiteMinder earlier this year as part of our running examination of companies that have reached certain annual recurring revenue (ARR) thresholds.
Siteminder Raises $70m At $750m Valuation After Cresting $70m Arr In 2019
Alex Wilhelm, TechCrunch
Thu, 01/16/2020 - 1:00pm
Topics: today siteminder under unicorn blackrock the tcv bailador saas bessemer s growth software siteminder ceo sankar narayan yes europe asia narayan to silicon valley siteminder siteminder siteminder australian au america techcrunch arr narayan narayan ceo raises valuation company million companies firm capital revenue dollars bit understand similar announced operates hotel equity funds industry current cultural time office countries reach giving distribution cited global question
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