23 Oct '17, 2pm

Singapore-based Zuzu gets $2M seed to help small hotels compete with big chains

Independently-owned hotels sometimes fall through the cracks of the hospitality industry because they struggle to compete with major chains, but don’t belong on Airbnb or HomeAway. Zuzu Hospitality Solutions bridges the gap in Asia by providing essential revenue management and marketing services to small hotels while allowing them preserve their own brands. The Singapore-based startup announced today that it has raised seed funding of $2 million led by Wavemaker Partners, with participation from other Southeast Asian venture capital firms Golden Gate Ventures, Alpha JWC and Convergence Ventures. Along with angel investments, Zuzu’s seed funding brings its total raised to $3 million. Other backers in this round include Paul Brown, the chief executive officer of Arby’s Restaurant Group and former Hilton president of brands and commercial services, and returning investor Good...

Full article: https://techcrunch.com/2017/10/23/singapore-based-zuzu-ge...

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