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MDO serves more than 7,000 hotels with a robust hotel data platform, which centralizes and stores critical performance and financial data for hotel ownership, management groups, and asset managers. Through integrated data feeds, document workflow management, and data visualization dashboards, hoteliers are able to reach greater levels of profitability by operating more efficiently, better serve customers, improve budgeting and forecasting, and reduce their environmental impact.
Last updated
In 2024, MDO's revenue reached $63.1M. The company previously reported $50M in 2023. Since its launch in 2015, MDO has shown consistent revenue growth.
MDO has not publicly disclosed its valuation. The company has raised $4M in total funding to date.
MDO has raised $4M in total funding across 1 round, most recently a $4M Series A round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Series A | $4M | - | - |
CEO
Vic Chynoweth, is the CEO of MyDigitalOffice (MDO). Before his role at MDO, Chynoweth was involved with the company as a board member through his affiliation with Cove Hill Partners, where he served as Managing Director and Operating Partner. His professional career spans over 20 years, primarily in the technology industry, where he has focused on building and leading financial and operational teams. Chynoweth has a significant background in financial and operational leadership roles, particularly in private equity-backed software companies. Prior to joining MDO, Chynoweth held several high-ranking positions in other organizations. He served as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) at JAGGAER, a global leader in spend management solutions. Additionally, he was the CFO at Planview, Inc., a company specializing in work and resource management solutions. His experience in these roles has contributed to his expertise in managing large-scale financial and operational aspects of technology-driven companies
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MDO serves 2K customers.
MDO employs approximately 298 people as of 2026, down from 366 in 2023. It serves 2K customers that rely on its solutions.
MDO generates an estimated $63.1M in annual revenue.
MDO was founded by Victor Chynoweth.
The CEO of MDO is Victor Chynoweth.
MDO raised $4M across 1 round.
MDO has 298 employees.
MDO is headquartered in Bethesda, Maryland, United States.
MDO operates across multiple industries. Browse revenue, funding, and growth data for MDO in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$63.1M(Est.)
Customers
2K
Funding
$4M
Avg ACV
$31.6K
Team
298
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2024 | MDO Hit $63.1m revenue in October 2024 | Estimated |
| 2023 | MDO Hit $50m revenue in January 2023 | Estimated |
| 2022 | MDO Hit $35m revenue in January 2022 | Estimated |
| 2021 | MDO Hit $8.5m revenue in April 2021 | |
| 2019 | MDO Hit $2m revenue in January 2019 | |
| 2015 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 298 employees (December 2024) | |
| 2024 | Reached 366 employees (October 2024) | |
| 2023 | Reached 366 employees (November 2023) | |
| 2022 | Reached 350 employees (January 2022) | |
| 2021 | Reached 290 employees (January 2021) |
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