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Room Technology Ventures
AddedFeb 18, 2024
UpdatedJun 18, 2026
Room Technology Ventures

Room Technology Ventures

ROOM offers subscription-based tech solutions for independent hotels, led by the founder of Super 8 Hotels China.

HQ
San Francisco, CA, US
Founded
2017
Overview
Compare
Fundraising
Employees
Website

Room Technology Ventures, founded by Mitch Presnick, offers subscription-based integrated technology solutions and flexible inventory upgrading and distribution services specifically for the independent hotel segment. The company's core mission is to empower independent hotels with advanced technological tools to enhance their operational efficiency and competitiveness. By providing these tailored tech solutions, Room Technology Ventures aims to revolutionize the hospitality industry, making high-end technology accessible to smaller, independent hotels.

Mitch Presnick, the founder and CEO, previously established and successfully exited Super 8 Hotels China, a budget hotel chain with over 1,200 locations across China. This notable background brings significant industry expertise and credibility to Room Technology Ventures. The company has achieved recognition for its innovative approach to hotel management technology, significantly impacting the independent hotel market by enabling these businesses to compete more effectively with larger chains.

Room Technology Ventures - Quick Facts

When was Room Technology Ventures founded?

Room Technology Ventures was founded in 2017.

Where is Room Technology Ventures' headquarters located?

Room Technology Ventures' headquarters is located in San Francisco, CA, US.

When was Room Technology Ventures' last funding round?

Room Technology Ventures' most recent funding round was for $250k (USD) in February 2019.

How much has Room Technology Ventures raised to-date?

As of Feb 1, 2019, Room Technology Ventures has raised a total of $675.4k (USD).

How many employees does Room Technology Ventures have?

Room Technology Ventures has 30 employees as of Feb 5, 2024.

Room Technology Ventures - Classification

Ownership
  • Private
  • Venture Capital
Technology
  • SaaS
Model
  • Platform
Revenue
  • Recurring
  • SaaS
  • Software
Customer
  • Small Business
Main Product
  • Hotel Management Software
  • Hotel Technology
  • Software
  • Technology Solutions
Tags
  • Cloud
  • HotelTech
  • SaaS
NAICS
  • 720000Accommodation and Food Services
  • 721000Accommodation
  • 721100Traveler Accommodation
  • 721190Other Traveler Accommodation
  • 721199All Other Traveler Accommodation
SIC
  • 7000Hotels, rooming houses, camps, and other lodging places
  • 7010Hotels And Motels
  • 7011Hotels And Motels
Show 1 more industry code
NAICS
  • 721110Hotels (except Casino Hotels) and Motels