Sixth Street Growth Leads $48M Growth Investment in Stayntouch
December 12, 2023
Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.
- Buyers
- Sixth Street Growth
- Targets
- Stayntouch
- Industry
- Cloud & SaaS
- Location
- Maryland, United States
- Transaction Type
- Growth capital
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