4Suites

4Suites

Intelligent access control for real estate and hospitality.

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DateInvestorsAmountRound
-investor

€0.0

round
N/A

€0.0

round
*

$400k

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-14 %11 %111 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about 4Suites
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4Suites, a Dutch company founded in 2016 by Ivo Elshof and Lennart Haan, provides a cloud-based intelligent access platform for the hospitality industry. The company targets hotel chains, independent hotels, and vacation rentals, aiming to streamline operations and improve the guest experience through its technology. The business operates on a Software-as-a-Service (SaaS) model, combining hardware, software, and a cloud management platform to generate revenue.

The core of 4Suites' offering is a system that upgrades existing hotel door locks into smart, cloud-connected devices. This is achieved by embedding proprietary IoT-enabled hardware chips into the locks, allowing for real-time, remote management. Unlike solutions that rely on Bluetooth, 4Suites uses IoT technology which enables guests to receive mobile keys and access rooms through a web-based application, eliminating the need to download a dedicated mobile app. The platform also supports NFC compatibility and integration with Google Wallet for app-less entry. This technology facilitates a digital guest journey, including features like pre-check-in and keyless entry, which reduces front desk workload and operational costs.

For property managers, 4Suites provides a centralized cloud-based dashboard, the '4SUITES Manager', for real-time monitoring and control over all access points across one or multiple properties. The system is designed with an open API, allowing for seamless integration with existing Property Management Systems (PMS) and other guest journey applications. This integration automates workflows, from guest check-in to check-out, and provides valuable data insights to hotel operators. The company secured $440K in a seed funding round in August 2017 to expand its operations across Europe. Keywords: intelligent access, hospitality technology, mobile key, smart locks, cloud-based access control, hotel operations, guest experience, IoT, property technology, keyless entry, access management, digital guest journey, SaaS, hotel door locks, vacation rental tech, PMS integration, contactless check-in, real estate technology, NFC access, app-less mobile key

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