HyperGuest, a Tel Aviv-based hospitality technology platform, has raised $23 million in a Series A funding round.
With financial backing from Lightspeed Venture Partners, Viola Ventures and Thayer Ventures, the company will use the capital to speed up growth and enhance its offerings for hoteliers and travel providers.
In addition, HyperGuest is planning to further expand its global footprint, invest in product development, enhance its technology infrastructure and scale its sales and marketing efforts to drive customer acquisition and also boost market penetration.
Moreover, HyperGuest's platform enables hotels and suppliers to directly connect with travel distributors, including online travel agencies, agent groups, tour operators, travel management companies, bed banks and more.