Thynk, a startup company aiming to create enterprise software for the hospitality industry, raised $13 million in Series A led by Singular, a venture capital firm, where New York-based fund managed by Itai Tsiddon and Belgian investment firm CNP (Groupe Frère) with existing investor Fly Ventures also participated.
Unlike other software-as-a-service companies that focus on small and medium-sized enterprises, Thynk targets large hospitality companies that operate multiple properties. The startup’s platform aims to optimize processes such as revenue management, operations, and customer engagement. The company’s software will allow clients to streamline their operations and enhance the overall guest experience.
Thynk’s platform also provides clients with real-time data and analytics, allowing them to make informed decisions to maximize revenue and improve customer satisfaction. Additionally, Thynk offers customizable solutions for clients in different regions and markets.
The $13 million Series A funding will be used to further develop the platform and expand Thynk’s team. The startup plans to hire more employees to support its growing customer base and enhance its product offering.
Thynk is poised to disrupt the hospitality industry by providing large companies with the software tools they need to manage multiple properties efficiently. With the funding secured, Thynk is well-positioned to grow and scale its operations.