Seven figure target
Travel tech firm Criton unveils funding round
Julie Grieve: seven-figure plan (pic: Terry Murden)
Global travel technology firm Criton has today announced it aims to raise a significant ‘seven figure sum’ in external investment later this year to develop its product offering and drive growth across international markets.
The Edinburgh-headquartered company supports resorts, hotels groups and other hospitality businesses to embrace digital transformation working with clients across the UK and, increasingly, overseas.
Criton’s technology currently operates in more than 5,000 rooms across more than 130 hotels and serviced apartment locations. Following an initial £5m fund-raising round in 2017, the company is now preparing to raise another round of external investment to develop its product offering to drive further global expansion.
Currently employing 24 staff at its offices in Edinburgh and London, Criton also plans to create an additional 15-20 jobs over the next two to three years.