Hospitality and travel industry technology provider HotelRunner has raised $6.5 million in a Series A funding round.
The capital is expected to support the company’s growth aspirations, particularly via launches in both the US and LATAM markets. Since 2012, the startup has taken on only $8.5 million in external funding.
HotelRunner’s $6.5 million Series A round was provided by existing investors 212, and new investors Wix Capital, Founders Factory, Ascension Ventures, DHM, alongside angel investors Gradient Solutions and Mobile Travel Technologies founder Gerry Samuels, Yemeksepeti founder Melih Odemis, Seedcamp Venture Partner Daniel King, and AquaFold founder Niels Gron.
HotelRunner underpins the world’s hospitality industry with its unified sales, operations, and distribution management platform, AI-driven business intelligence solutions, and market network.
Expanding over the globe in 193 countries and with thousands of clients, HotelRunner enables properties, whether resort hotels or independent properties and vacation rentals, to run full-scale digital operations, while its B2B network allows its partners to find, connect, and transact with each other online at scale, processing more than 35 million transactions daily between properties, travel agencies, travelers, and payment gateways.
Headquartered in London, HotelRunner has already become an acknowledged success story with over 100 team members in five cities and three countries, growing fast despite the turmoil in the hospitality industry and global markets.
With the ambition of democratizing the usage of technology for hospitality and travel businesses in every corner of the world, HotelRunner continues to be a profitable company thanks to its agility, and adaptive technology providing sustainable growth opportunities for its partners.
This $6.5 million financing will be directed towards continuing to build a solid presence in offline markets, growing the team, and investing heavily in delivering state-of-the-art technology.
HotelRunner plans to continue its global expansion, inaugurating the new offices in the Americas in the coming months, which will unlock the potential to bring scalable and low-cost growth opportunities for the hospitality industry in the US and LATAM.
Having made two acquisitions in the past, the company also has eyes on consolidating the fragmented travel technology industry in different markets by continuing its acquisitions spree.
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