Accel Partners has led a $21 million financing round for Duetto, a provider of hotel profit optimization software. The financing will be used for global expansion, and brings the total funds raised to over $33 million. Battery Ventures and Altimeter Capital also participated in the round.
Duetto currently provides its profit solutions to hundreds of properties in 16 countries and has plans of continued expansion in Europe and Asia. The software allows hotels to optimize profits by offering revenue strategy solutions such as price scenario testing and forecasting. The company grabbed a $38.5 million valuation with its $10 million Series A round raised in late 2012.