Pace Revenue

company

About

Pace is revolutionising revenue management with a suite of tools to deliver science, real-time and automation.

  • 11 - 50

Details

Last Funding Type
Seed
Last Funding Money Raised
£2.50M
Industries
Artificial Intelligence,Hospitality,Infrastructure,Machine Learning,SaaS
Founded date
Aug 8, 2016
Number Of Employee
11 - 50
Operating Status
Active

The toughest challenge for a hotel-owner is highly dynamic demand for a fixed number of rooms - some nights your property is half-empty, other times it's booked out weeks in advance. Smart use of pricing, timing, and sales-channels can add more than 30% to annual revenues.

Pace has built the first solution that gives hotels real-time forecasting, price sensitivity analysis, and automation. Now hotel-owners can trust that they are responding rapidly to changes and always getting the right bookings at the right prices.

Pace uses machine learning and statistics to turn pricing into a real-time exploration how to optimally match supply and demand. Their algorithms are proprietary and actively worked on by their science team.

They differentiate by being a tech-led company in hospitality (most competitors are the inverse) and by having a staged path towards the end-goal of real-time automation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
£2.50M
Pace Revenue has raised a total of £2.50M in funding over 2 rounds. Their latest funding was raised on Dec 13, 2017 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 13, 2017 Seed £2.50M 2 Detail
Jan 10, 2017 Non-Equity Assistant 1 Google for Startups Detail

Investors

Number of Lead Investors
Number of Investors
1
3
Pace Revenue is funded by 3 investors. Google for Startups and Speedinvest are the most recent investors.
Investor Name Lead Investor Funding Round
Google for Startups Yes Non-Equity Assistant
Speedinvest Seed
Seedcamp Seed