All posts tagged: Thynk

Thynk wants to upgrade hotel stays with a vertical software platform

Thynk wants to upgrade hotel stays with a vertical software platform

Meet Thynk, a new company that wants to build the definite enterprise software solution for the hospitality industry. The startup just raised a $13 million Series A round. This round was led by Singular, with a New-York based fund managed by Itai Tsiddon and Belgian investment firm CNP (Groupe Frère) also participating. Fly Ventures, an existing shareholder in the startup, invested once again. When it comes to software-as-a-service companies, entrepreneurs choose to address a specific segment. Some companies choose to focus on the long tail of small and medium companies because they often don’t have the right tools to do their job. For instance, in the hospitality industry, Amenitiz focuses exclusively on independent hotels and B&Bs. Thynk sits at the other end of the spectrum as it has been designed for hospitality companies who operate multiple properties and want to optimize their processes. “When I was thinking about starting a company again, I scanned the market and looked at different verticals to find a company that could reach $500 million in [annual recurring revenue],” co-founder and CEO …