Canary Technologies Founders: What’s Next After Raising $80 Million for Hotel Tech

Funding has been tight for travel tech startups, but Canary Technologies hasn't had much trouble.

Venture capital funding has been a struggle for tech startups this year, but not for Canary Technologies.

The hotel tech company says it wasn’t actively fundraising when Brighton Park Capital approached the founders about a deal.

“We hadn't actually burned through almost any of the capital that we had raised on our last round. But the opportunity emerged,” said Canary CEO Harman Singh Narula. “There was the right kind of investor with the right vision … so it made sense for us to move forward.”

Canary recently closed a series D round of $80 million at a valuation of $600 million. Insight Partners led the company’s last two rounds, all with continued investments from F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.

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