RoomPriceGenie Secures $75 Million Funding to Propel Growth with New CEO Chas Scarantino

RoomPriceGenie Makes Big Moves with $75 Million Investment

In a notable development for the hospitality technology sector, RoomPriceGenie, a prominent provider of revenue management systems (RMS) geared towards independent hotels, proudly announced a significant investment of $75 million USD from Five Elms Capital. This funding aims to accelerate the company’s international expansion and enhance its already award-winning platform.

As part of this growth strategy, RoomPriceGenie has appointed seasoned technology executive Chas Scarantino as CEO. This transition marks a new chapter for the company, as co-founder Ari Andricopoulos steps into the role of Chief Strategy Officer (CSO), where he will concentrate on product innovation and strategic partnerships.

Addressing the RMS Market Gap

According to recent research by Skift, a mere 10% of hoteliers utilize dedicated RMS for pricing, with large properties and branded chains historically reaping the benefits first. Founded in 2017, RoomPriceGenie was established to democratize access to automated pricing tools for independent hotels. Although the company has expanded its functionality significantly since then, its core principles of simplicity and effectiveness remain unchanged. The recent integration of an OpenAPI with PMS (Property Management Systems), supported by the fresh capital from Five Elms, positions RoomPriceGenie to assist a broader range of independent hotels and groups in maximizing revenue through automated pricing.

Growth and Recognition

RoomPriceGenie continues to experience impressive growth, now employing nearly 100 staff members and serving around 3,000 hotel clients across 65 countries. The company has effectively combined fast scalability with profitability, a testament to its customer-centric approach. Its excellence in the industry has not gone unnoticed; RoomPriceGenie has secured multiple top rankings in the HotelTechAwards, including second place for the category of "Best Revenue Management System (RMS)" and third for "Best Place to Work" for two consecutive years. Notably, in 2025, the company was also recognized as the 7th "Most Recommended Solution" across all technology categories in the hotel sector.

The enthusiasm among investors is palpable. Ryan Mandl, a Partner at Five Elms Capital, remarked that RoomPriceGenie's innovation in revenue management technology, exemplified by its groundbreaking OpenAPI integration, sets it apart. This integration allows PMS providers to incorporate RoomPriceGenie's systems seamlessly and without the usual costs and complications that accompany such integrations.

New Leadership with a Vision

Stepping into the role of CEO, Chas Scarantino carries with him a wealth of experience in scaling technological enterprises and steering international growth efforts. He has a proven track record of launching products in global markets such as the United States, the United Kingdom, Israel, Japan, and Australia. Scarantino expressed his enthusiasm for the new role, emphasizing his dedication to innovation, operational excellence, and nurturing a company culture that galvanizes both creativity and execution.

"RoomPriceGenie has built an outstanding platform and a team deeply committed to helping hotels maximize their revenue. My goal is to expand on this success while maintaining what makes RoomPriceGenie unique," Scarantino stated.

About RoomPriceGenie

RoomPriceGenie is an innovative RMS specifically designed to cater to the needs of independent hotels and groups. With a rapidly growing suite of over 300 integrations with various operational systems, RoomPriceGenie enables hotels to optimize pricing strategies in real time, thereby enhancing booking opportunities and potential revenue.

To learn more about RoomPriceGenie and its solutions, visit RoomPriceGenie.com.

About Five Elms Capital

Five Elms Capital specializes in growth investments within the software sector. With an impressive portfolio that includes over 70 software platforms, Five Elms has a strong focus on facilitating growth and operational success in its portfolio companies. With $3 billion in assets under management, the firm enhances customer retention, increases marketing efficiency, and supports businesses as they expand into new markets. For more information, check out FiveElms.com.