Improving how hotels buy and sell
- Client
Folio
- Description
Going from idea to Rails MVP in time to onboard the first paid pilot customer and establish product foundation
less than
1Y
to MVP with paying customers
0 to
200
hotel clients in 1 year
raised
$14M
Series A
Developing a complex niche marketplace app while meeting tight deadlines set by a premiere pilot customer
The vision was to streamline the buying process. Suppliers would gain customer visibility and insights on spending and buying behaviors.
We chose thoughtbot because of their team’s deep experience in bringing quality products to market. Reputation really matters.
From 0 to 200 hotel clients in less than 1 year
Folio’s client base mushroomed when their pilot customer rolled them out across their portfolio for select purchasing needs. In less than a year, Folio developed its product, which serves hundreds of hotel clients, and hired a technical team thanks to thoughtbot’s partnership.
One year later, Folio went on to raise a $14M Series A to power profitability in hospitality.
thoughtbot was the one partner that really spoke to building the right MVP and walked us through their hand-off process. That gave us confidence that we could have flexibility until we were able to hire the right people.