FintekNews Deal of the Day – VenueNext Lands $15M

Is it just us, or are we not seeing quite as many VC deals in fintech in the past month or so?  I wouldn’t be one bit surprised to see this statistic emerge down the road for this time period.  In the meantime, while VC does continue to flow, we’ll find companies that integrate fintech into their platforms, and that’s what VenueNext does, which has just raised a $15M Series B round.

According to their Crunchbase listing, “VenueNext is a technology platform and context-aware app, providing insights into guest behavior and control over its users’ entire ecosystem, from sports to concerts, conferences to theme parks, and all large venues in between”.

And their website states, “VenueNext is transforming the way guests experience every kind of venue, from arenas and concert halls to hotels and hospitals. With the first and only technology platform that brings together your venue’s isolated operational systems, you can give guests seamless access to the services your venue has to offer through their smartphone, and improve your business performance.”

One of the many features they offer are point of sale and payment systems, and (they) “work with a growing list of payment companies including point of sale, payment methods and gateways providers such as Agilysys, Appetize, Oracle’s Micros and NCR’s Quest to enable mobile ordering, payments, and delivery. Connecting with these systems directly to guests’ mobile phones to submit orders also allows the venues to skip out on buying a lot of expensive hardware and customers enjoy seamless, easy and secure ways to pay at venues.”

They have a pretty impressive list of clients includeingSuperbowl 50(!), Orlando Magic, and Levi’s Stadium, amongst others.  In fact they service several categories, including hospitality, sports & entertainment and healthcare. 

Total Equity Funding
$24M in 2 Rounds from 5 Investors

Most Recent Funding
$15M Series B on October 11, 2016

Read Full Listing at Crunchbase