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Bethesda’s Stayntouch raises $48M to improve hotel tech, make acquisitions

January 3, 2024

Bethesda hotel software firm Stayntouch is looking to get into the M&A game. After being acquired twice, it’s now planning to start doing the acquiring. The 14-year-old company cinched $48 million in equity investment in December led by New York technology investor Sixth Street Growth, a firm that has also backed Airbnb Inc. and Spotify. The hefty financing deal will allow Stayntouch to scale much further, CEO Jacob Messina said. Sixth Street Growth’s Michael Bauer is joining Stayntouch’s board as part of the deal.

Article Source: Washington Business Journal

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