innRoad, which offers a Web-based property management system for independent hotels, picked up $5.8 million in a Series B financing round.
Patrick Campbell of Blue Herron Capital and and Matt Christensen of Rose Park Advisors will join the innRoad board as their companies led the financing round.
innRoad says it will use the funding infusion to “fund development improvements to innRoad’s current platform, new applications, sales and marketing and working capital needs, both in the US and internationally.”
Read full story at: http://www.tnooz.com/2012/06/05/news/innroad-property-management-system-plots-roadmap-with-5-8m-in-funding/
