ROH, the first dedicated payments management platform for the hospitality industry, has raised $9.2 million in a funding round led by Highgate Technology Ventures (HTV) and Acrew Capital. The capital injection will accelerate ROH’s platform expansion, enhance its data processing capabilities, and support broader automation of payments tied to contracts, invoices, folios, and more.
HTV’s Raja Goel and Kurien Jacob, along with Acrew Capital’s John Gardner, will join ROH’s Board of Directors as part of the investment. The move signals growing confidence in ROH’s ability to disrupt the $4 trillion hospitality payments space, where more than 80% of transactions still require manual input.
ROH’s platform is designed to automate and streamline the end-to-end payments lifecycle for hotels, improving visibility, compliance, and cash flow while significantly reducing the operational burden on finance and sales teams. Key benefits include faster receivables, lower fraud risk, simplified dispute management, and improved customer experience through flexible payment options and frictionless booking processes.
CEO and Founder Jess Conroy said the backing from HTV and Acrew validates ROH’s overnight impact on hotel profitability. “Hotels today need tools that cut costs and grow revenue—ROH delivers both. This funding is a massive boost as we expand to meet industry demand.”
HTV, which has deep roots in travel and hospitality, had early exposure to ROH’s impact through pilot programs at select Highgate properties. “ROH quickly proved it could unlock new margins across group bookings and contract-heavy transactions,” said Ankur Randev, Principal and CCO at Highgate. “The automation alone made it an obvious choice.”
ROH’s growth has been fueled by the launch of its proprietary AI tools, which have driven a 523% increase in automatically generated bookings based on signed contracts. The platform now manages close to a quarter billion dollars in invoices annually and is on track to further scale in 2024 and beyond.