Nashville-based events company Groups360 has secured $50 million in a corporate round, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 19 and led by Hilton Worldwide.
According to its Crunchbase profile, "Foundationally changing group transactions. Empowering group planners and hotels make more precise decisions every time. What is Groups360?"
The six-year-old company has raised two previous funding rounds, including a $500,000 seed round in 2016.
In other local funding news, enterprise software company XOi Technologies announced a $11 million Series C funding round on August 7, led by PeakSpan Capital.
According to Crunchbase, "XOi Technologies is a cloud-based mobile application that empowers field service companies to do more business with greener techs and fewer truck rolls. They change the way field service companies in the electrical, mechanical, and plumbing industries capture data, communicate with stakeholders, and service their customers. XOi Technologies develops and designs wearable technology solutions for business."
Founded in 2010, the company has raised three previous rounds, including a $4.5 million Series B round in 2017.