Duetto closed an $80-million Series D financing round led by funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.
“As the pace of change has accelerated and the threats of digital disruption have grown, so have our efforts to help this industry we are so passionate about,” co-founder and CEO Patrick Bosworth said in a statement. “We are pleased to have the support of Warburg Pincus, whose extensive experience in building SaaS businesses of scale will help drive our growth and provide solutions to more hoteliers worldwide. For more than a decade, hotel companies have been looking for ways to compete more effectively with online travel agencies and drive more direct business. By unifying data across the tech stack, our platform has become the single source capable of delivering true personalization to consumers. Hoteliers now have the ability to increase conversion and drive more direct engagement with consumers by personalizing pricing and merchandising at the point of booking.”
Duetto was founded in 2012 by Bosworth, Chief Marketing and Strategy Officer Marco Benvenuti and CTO Craig Weissman. The company’s flagship software-as-a-service application, GameChanger, brought machine learning, new consumer-centric data and the breakthrough innovation of open pricing to the industry, enabling hotel companies to independently price all distribution channels, customer segments, room types and stay dates in real time.
Duetto, headquartered in San Francisco and with offices in Las Vegas, Cleveland, London and Singapore, has quickly grown to serve more than 2,500 hotels and casinos in more than 60 countries.