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01/19/2022

myDigitalOffice Receives Strategic Investment From Cove Hill Partners

Michal Christine Escobar
Senior Editor (Hotels)
Michal Christine  Escobar  profile picture

myDigitalOffice, a provider of software to hotel brands, operators, and owners, announced that it has received a strategic investment from Cove Hill Partners (“Cove Hill”) to support the company in its next phase of growth.

The investment from Cove Hill will position myDigitalOffice to continue its strong growth trajectory and leadership. Cove Hill’s financial commitment will support product innovation and development, enabling myDigitalOffice to expand its product and feature set to provide even more value to hotel owners, managers, and brands around the world.

“Growing top line revenue while also optimizing the hotel’s bottom line is becoming increasingly difficult,” said Ali Moloo, Founder and CEO of myDigitalOffice. “Our customers rely on MDO to deliver their daily hotel performance data, and supporting documents, in a way that’s easily accessible and digestible, actionable, consistent, and accurate. Our tremendous growth, especially through a global pandemic, is a testament to our incredible people, customers, and partners.”   

“We’re thrilled to welcome Cove Hill as our newest partner as we enter into this exciting next chapter. And given their reputation and successful track record of being incredibly disciplined and selective investors, we’re honored and humbled to join the family,” Moloo continued. “This investment will greatly benefit our customers by fueling our hiring plans, accelerating our product development and innovation initiatives, and solidifying MDO’s position as the hospitality industry’s de facto standard for hotel performance and information connectivity.”

“Cove Hill is excited to partner with the myDigitalOffice management team for this next phase of growth. myDigitalOffice’s software facilitates data-driven forecasting and decision-making, while also digitizing and automating processes to drive efficiencies and ensure regulatory compliance,” said Jane Levy Vance, Principal at Cove Hill. “We believe our investment will allow myDigitalOffice to drive continued product innovation, while fueling significant future growth.” Continued Justin Roberts, Co-Founder and Managing Director at Cove Hill.

Silvermark Partners LLC served as financial advisor and Gibson Dunn served as legal advisor to myDigitalOffice. William Blair & Company LLC acted as financial advisor and Choate, Hall & Stewart LLP acted as legal advisor to Cove Hill Partners.