[Techtaffy Newsdesk]
Buuteeq, a cloud digital marketing system for hotels, has raised a $10 million funding round co-led by venture capital firm Madrona Venture Group and by Concur, a provider of integrated travel and expense management solutions. The latest round of funding brings total capital raised to $17 million, and introduces new members to the buuteeq board of directors including, Concur CEO, Steve Singh and Madrona Partner, Tim Porter.
The additional capital coupled with subscription revenue, from the thousands of hotels already on the platform, will accelerate growth momentum and enable rapid innovation across its product offerings.
[Image Courtesy: Buuteq]