Green Cloud wins 180 million yuan in round B financing from Co-win Capital and enters the unicorn ranks

May 8 from Investment sector news, the hotel PMS service provider Hangzhou Green Cloud announced early obtain Co-win Capital 180 million yuan B round of investment, thus, the PMS industry's largest financing case was born, Green Cloud also entered the quasi-unicorn Enterprise ranks.

Established in 2010, Green Cloud is a new type of Internet service-oriented enterprise driven by technology. The founding team has nearly 30 years of hotel information experience and leading technology background. Prior to this, on September 8, 2016, Green Cloud had won 85 million A and A+ round equity debt financing from the First Industry Capital, Boguan Assets,  Xia Ju Investment and Zhejiang Merchants Bank.

It is understood that GreenCloud's iHotel hotel information platform, independently developed and operated, has formed four business clusters: GreenCloud PMS, Oracle Hospitality (Opera PMS), data platform, and e-commerce platform. Up to now, Green Cloud PMS has signed up 12,000 hotels and established partnerships with more than 20 Chinese hotel group companies. Oracle Hospitality completed UIC (Universal Interface Center) and UPG (Universal Payment Gateway) research and development and got the Oracle OXI, OWS, KIOSK, IFC8, OPI certification, and recognized by most international hotel groups, signed up to dozens of new and maintenance hotels.

In addition, its data platform business has established strategic partnerships with B-end enterprises in nearly 100 major tourism industries. The number of on-line rooms is 720,000; e-commerce products sell thousands of hotels and operate over 1,700 hotels.

Green Cloud chairman and CEO Yang Mingkui believes that Co-win Capital’s investment will provide finance support for GreenCloud with a strategic position for the technology leader of the Chinese hotel industry, and the layout of the China hotel digital service ecosystem, and the marketing of technology-enabled hotels. At the same time, it also formally launched the Green Cloud Breakthrough, adhering to the pace of independent and independent advances to the capital market, and provide capital support for Greencloud technology to lead the development of the industry and reshape the new pattern of industry development.