The hospitality sector is getting real money again. After years of uncertainty, VCs are writing checks for hotel tech, property management systems, and guest experience platforms. If you're building in this space, you need to know who's actually investing.
These 20 investors closed deals from 2023 to November 2025. Some focus on seed-stage restaurant tech. Others lead Series C rounds for hotel management platforms. A few do both. What matters is they're active and they understand hospitality operations.
Thayer Ventures: Led Canary Technologies' $50M Series C in 2024 and backed Diamo's $4M seed round in April 2025.
Branded Hospitality Ventures: Invested in FamilyMeal's restaurant catering platform in October 2025.
Brighton Park Capital: Led Canary Technologies' $80M Series D at $600M valuation in June 2025.
Insight Partners: Backed Canary Technologies and Lighthouse through multiple rounds.
F-Prime Capital: Portfolio includes Toast and Mews, continues backing hospitality tech at Series A.
Thayer Investment Partners: Recently formed from merger of Thayer Ventures and Derive Ventures.
SOSV: Deep tech accelerator with hospitality portfolio companies, 75 investments in 12 months.
Y Combinator: Early backer of Canary Technologies, Airbnb, and multiple hotel tech startups.
Commerce Ventures: Participated in Canary's $80M Series D round in June 2025.
Derive Ventures: Now part of Thayer Investment Partners, focused on early-stage hospitality tech.
Inovia Capital: Backed Life House's $60M Series C for hotel management platform.
Velocity Ventures: Travel and hospitality focused VC with operational expertise.
ROCH Ventures: Europe and Israel focused, investing in travel and hospitality tech.
Geolo Capital: Private equity with hospitality ventures and real estate investments.
KKR: Led Lighthouse's Series C at unicorn valuation in 2024.
Goldman Sachs Asset Management: Co-led Mews' $110M Series D in April 2025.
Accel: Led Nuitée's $48M Series A in December 2024 for hotel booking APIs.
1848 Ventures: Led TakeUp's $11M Series A for AI revenue optimization in July 2025.
Shorooq Partners: UAE-based tech investor with hospitality portfolio companies.
SFC Capital: UK-based SEIS fund backing hospitality and travel startups.
Experience: Find investors who've backed companies through product-market fit in hospitality. Ask their portfolio companies about actual help during hotel rollouts or franchise expansion. Review how others assess performance using document analytics.
Network: Check if they can intro you to major hotel brands or restaurant groups. That matters more than generic connections. Thayer Ventures has strategic LPs from Marriott and Hilton. That's useful.
Alignment: Make sure they've funded similar business models before. Seed investors often don't understand Series B burn rates for enterprise SaaS sales cycles. Evaluate how they think about risk by reviewing your own security posture.
Track record: Look at whether their portfolio companies raised follow-on rounds. Dead portfolio companies are a red flag. Use Ellty to share your deck with trackable links. You'll see who actually opens your financial projections.
Communication: Check how quickly they respond to their portfolio companies during emergencies. Ask about board meeting frequency.
Value-add: Ask what operational support they provide during hotel brand partnerships or PMS integrations. Generic "we have a great network" answers are useless. Most hospitality investors offer introductions but few help with actual implementation.
Identify potential investors: Research recent deals on Pitchbook or Crunchbase. Seed funds won't lead your Series B, no matter how good your deck is. Check if they've backed hotel management platforms or guest experience tools before.
Craft a compelling pitch: Show your hotel-customer retention rates and integration success with major PMS systems. Most investors are tired of “better guest experience” claims without unit economics. Protect sensitive metrics through secure sharing.
Share your pitch deck: Upload to Ellty and send trackable links. Monitor which pages investors spend time on—if they skip your hotel-partnership slides, that's useful. Track how often they revisit your model using your pitch deck space.
Utilize your network: Message portfolio founders on LinkedIn and ask about response times and actual value-add. Most will be honest. Target founders who raised in the last 18 months.
Attend networking events: Phocuswright Conference and ALIS are where deals actually happen. The Hospitality Tech Summit matters if you're early-stage. Skip the small local events.
Engage on online platforms: Connect with partners on LinkedIn after an intro. Cold DMs rarely work. Comment on their portfolio announcements first, and follow up with consistent investor updates once the conversation starts.
Organize due diligence: Set up an Ellty data room with your financial model, cap table, and hotel partnership agreements before they ask. It speeds up the process. Include your PMS integration documentation if you're hotel tech.
Set up introductory meetings: Lead with your hotel customer acquisition cost and payback period. Don't waste 20 minutes on market size slides they've seen 100 times. Be ready to demo your product live.
November 2025 marks a turning point. Hotel tech funding hit $480M between December 2023 and April 2025 just for revenue management systems. AI-powered guest solutions are getting real traction. Canary Technologies raised $80M at $600M valuation in June 2025. Mews crossed $1.2B valuation in their April Series D.
The difference now: hotels actually need this tech. Staffing shortages aren't temporary. Labor costs keep rising. Properties that waited are now desperate for automation and guest self-service. That creates real urgency for procurement decisions.
Founded in 2009, focused on travel and transportation tech with deep industry connections.
Operator-led investment platform focused on restaurant and hospitality technology.
Growth equity firm backing entrepreneur-led software companies with hospitality focus.
Major growth equity firm with strong track record in travel and hospitality tech.
Healthcare and technology VC with hospitality portfolio including Toast and Mews.
New platform formed from Thayer Ventures and Derive Ventures merger in 2024.
Deep tech accelerator and VC with HAX and IndieBio programs, hospitality in portfolio.
Top accelerator that backed Airbnb, Canary Technologies, and numerous travel startups.
FinTech and commerce-focused VC backing hospitality payment and tech companies.
Early-stage fund now merged with Thayer Ventures, focused on hospitality innovation.
Canadian VC backing North American tech companies including hospitality platforms.
Travel and hospitality focused VC with operational expertise in lodging sector.
Europe and Israel focused fund investing in travel and hospitality startups.
Private equity with hospitality ventures and hotel real estate investments.
Global private equity firm backing hospitality technology at scale.
Investment arm backing high-growth hospitality and travel technology.
Top-tier VC backing global tech companies including hospitality platforms.
Westfield Insurance's venture arm backing insurance-adjacent tech including hospitality.
Leading tech investor in Middle East with hospitality portfolio.
UK's leading SEIS fund backing early-stage hospitality and travel startups.
These 20 investors closed deals from 2023 to November 2025. Before you start reaching out, set up proper tracking.
Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your financials. Most founders are surprised to learn investors skip their market size slides but spend 5+ minutes on unit economics.
When investors ask for more materials, share an Ellty data room instead of messy email threads. Your cap table, financial model, and hotel partnership agreements in one secure place with view analytics.
How do I know if an investor is still active?
Check their recent deals on Crunchbase or their website. If they haven't announced an investment in 12+ months, they might be between funds. Portfolio page updates are more reliable than press releases.
Should I cold email hospitality investors or get introductions?
Warm intros work better but don't wait forever. If you have hotel customers and real revenue, a well-crafted cold email with your metrics can work. Skip the life story. Lead with traction.
What's the difference between seed and Series A hospitality investors?
Seed investors expect you're figuring out product-market fit with 5-10 hotel customers. Series A investors want to see repeatable sales with 20+ customers and proven unit economics. Don't pitch Series A firms at pre-revenue.
How many hospitality investors should I reach out to?
Start with 10-15 that match your stage and sector focus. Track responses. If you're getting 50%+ no responses, your deck or metrics need work. If you're getting meetings but no term sheets, it's your pitch or valuation.
When should I set up a data room?
Before investor meetings if you have it ready. After first meetings if you're still organizing documents. Don't make investors wait 2 weeks for basic financial models. Use Ellty to set one up in under an hour.
Do investors actually care about pitch deck analytics?
The smart ones do. If an investor spends 8 minutes on your deck and focuses on your revenue model, they're serious. If they spend 45 seconds, they're passing but too polite to say it immediately.