Texas, US-based Virdee, a SaaS company delivering digital check-in and virtual concierge services to the hospitality and commercial real estate sector, raised US$ 2M in a seed funding round on 19 April 2021.
Investors: The funding round was led by Silverton Partners, an early-stage investment firm based in Austin. Other participants included LiveOak Venture Partners, an Austin-based early-stage venture capital firm and DJR Advisors.
Purpose of the funding: The funds will be utilized to accelerate the startup’s growth across hospitality, multifamily, student housing and medical verticals which are experiencing strong demand.
Founded in April 2020 by experienced real estate operators and visionary technologists – Branigan Mulcahy and Nadav Cornberg, Virdee is an innovative software company that serves the commercial real estate industry. It provides a comprehensive solution of check-in/out, ID verification, payment collection and remote support. It helps its clients to enhance customer experience, reduce costs and generate ancillary revenue with contactless and customer-centric solutions.
Virdee’s API-first solutions have demonstrated savings in staff time and reduction in friction around the check-in/out process. Its products integrate with the leading door lock and property management systems, providing a complete solution for frictionless, contactless check-in.
What the founders have to say: “We are deeply appreciative of the participation of each of our new investors. This is a group of visionaries with amazing experience in scaling and building out disruptive SaaS businesses. We could not be more excited about the insights and strategic guidance each of them brings to the table and look forward to working closely with all of them to build Virdee’s exciting future.” — Branigan Mulcahy, Virdee Co-Founder.
“We are grateful to welcome these esteemed investors to our seed round investment group which includes Rajiv Trivedi, past CEO of La Quinta and Chairman of TST Capital. Along with them, we believe the debate about whether automated check-in, verification and payment solutions will replace legacy methods is now long settled, and the question is now not ‘if’ but ‘when.’ We believe the time is now, and Virdee is the company best positioned to lead hotel and other real estate owners toward a completely contactless, efficient model of operation.” — Nadav Cornberg, Virdee Co-Founder.
What the investors have to say: “Virdee’s suite of SaaS solutions is uniquely positioned to remake the market for digital check-in and virtual customer engagement. With demand for the company’s products rising faster than anyone could have expected, we are pleased to partner to help Virdee strategically scale its businesses.” — Morgan Flager, Managing Partner at Silverton.
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