Portfolio Company Spotlight – Canary Technologies
Portfolio Company Spotlight - Canary Technologies
In this week’s Portfolio Company Spotlight Joshua Siegel of Acronym Venture Capital discusses Canary Technologies, which provides an award-winning end-to-end Guest Management Platform for hotels and is currently deploying one of the largest rollouts of guest-facing AI technology in hospitality ever.
The Ballast Rock AVC Growth Fund invested in Canary in April 2024, as part of their $50M million Series C raise, led by Insight Ventures. Insight also led their previous funding round. Canary currently serves more than 20,000+ hoteliers in more than 80 countries.
The Acronym Venture Capital* team recently sat down to discuss Canary, why the BR AVC Growth Fund invested, and why we are excited about its prospects going forward.
* Acronym Venture Capital is an independent venture capital fund manager. Ballast Rock Asset Management and Acronym Venture Capital are both general partners of the BR AVC Growth Fund.
* Ballast Rock Asset Management (“BRAM”), Ballast Rock Private Wealth (“BRPW”), and Ballast Rock Capital (“BRC”) are operating entities of Ballast Rock Holdings (“BRH"), an integrated investment management company. Ballast Rock Asset Management is a non-registered entity. Ballast Rock Real Estate is a wholly owned subsidiary of BRAM. BRPW is a registered investment advisor. BRC is a registered Broker dealer and a MEMBER of FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS
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