The Rainmaker Group, the seller of revenue management software for hospitality and other industries, announced today that it has received a $33.8 million equity investment from Norwest Venture Partners (NVP), a leading multi-stage investment firm.
Rainmaker specializes in analytics solutions for revenueÂ management, usingÂ theÂ Software-as-a-Service (SaaS) model. NVPâ€™s Jon Kossow and David Su have joined Rainmakerâ€™s board of directors.
Rainmakerâ€™s portfolio includes Atlantis, The Palm Dubai, Caesars Entertainment, MGM Resorts International, Omni Hotels & Resorts, and Wynn Las Vegas.
In July, Rainmaker boughtÂ the industryâ€™s only automated budgeting tool from Tappert Consulting Services.
It’s been one year sinceÂ Silicon Valley Bank completed a $9 million debt financing deal for The Rainmaker Group.