ROH, the hospitality industry’s first payments management platform, has successfully completed a $9.2 million financing round. The round was led by Highgate Technology Ventures (HTV), a leading venture and growth equity firm focused on hospitality and travel, and Acrew Capital. Further strengthening the platform’s growth and capabilities.
The investment will enable ROH to accelerate its platform expansion and enhance its ability to manage a broad range of hospitality-related data. The company aims to streamline processes by efficiently handling the continuous flow of information from contracts, invoices, payments, folios, and other related systems. As part of the deal, Raja Goel and Kurien Jacob from HTV. As well as John Gardner of Acrew Capital, will join ROH’s Board of Directors, further enhancing the company’s leadership team.
This new funding round comes as ROH continues to innovate within the hospitality industry, where businesses need robust solutions to manage payments, reduce administrative overhead, and improve financial visibility. By integrating payments management into a unified platform, ROH offers an advanced solution that simplifies financial operations for hotel operators, property owners, and other hospitality service providers.
As the hospitality industry faces growing demand for automation and better data integration, ROH’s platform is well-positioned to meet these challenges. The company expects that the funding will support ongoing product development and enable further geographical expansion. Ultimately creating a more efficient, transparent, and streamlined payments process for the industry.
