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Venture Capital News: ALICE Secures $9.5M Series A Financing

2016-01-19
NEW YORK, NY, ALICE, a mobile platform for guests to engage with hotel services and staff, has raised $9.5 million in Series A funding.
According to Techcrunch, ALICE, which allows hotels to manage and complete guest requests across various service departments with ease thanks to its intuitive host of mobile suite products, announced today that it had closed a $9.5 million Series A funding round.

The round was led by Expedia with participation from Laconia, 645 Ventures, and Neuehouse founders as well. The company has raised $13 million to date.

These funds will enable the team at ALICE, which is actually an acronym that stands for 'A Life-Improving Customer Experience,' to 'continue to build out the technology and significantly expand the team hiring sales, engineering, product, and account management roles,' according to a release from the company.

'The team at ALICE is obsessed with every operational detail associated with running a hotel. Their software solves major hotelier operational pain points and it's easy to see how they are able to save hoteliers money and manĀ-hours. ALICE puts the entire hotel operating system into the palm of a consumer's hands through their own devices. I believe every hotel that engages with them will be ecstatic,' said John Kim, chief product officer, Brand Expedia Group at Expedia Inc., in a press release.

ALICE is working on a SaaS-based pricing model with most hotel partners paying between $500 to $1500 a month for access to the platform 'depending on their operation and needs.' ALICE's co-founder Alex Shashou noted that the company is offering a limited time promotion for hotels to try the service free for 30 days with an intro price of $250 monthly.
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