Lodgify eyes world enlargement of trip rental tech with $30M haul






Barcelona-based trip rental software program firm Lodgify has raised $30 million for world enlargement.

The Collection B spherical was led by Octopus Ventures with participation from Bonsai Companions, Aldea Ventures and ICF (Institut Català de Funds) in addition to current traders Intermedia Vermögensverwaltung and Nauta Capital.

Based in 2012, Lodgify helps trip rental hosts and companies construct their very own web sites to draw and develop direct bookings. By its software-as-a-service platform, which integrates with trip rental channels together with Airbnb, Vrbo and Reserving.com, homeowners and managers can settle for on-line bookings and funds. It additionally gives a property administration system to handle reservations.

Along with accelerating enlargement, Lodgify will use the funds to develop merchandise and launch new options. 

“Lodgify is a customer-first firm, and we are going to make investments all of the funds in product innovation and increasing our service providing to assist our clients obtain their enterprise objectives,” says Lodgify co-founder and CEO Dennis Klett.

Provides Uthish Ranjan, principal at Octopus Ventures: “Lodgify has carved out a number one place for itself within the ignored SME trip rental market. We had been impressed with their product management and buyer focus, which has come by means of within the spectacular progress they’ve helped their clients obtain, even by means of the pandemic interval. 

“We’re wanting ahead to partnering with Lodgify’s skilled management workforce to execute its progress plans, which embody an thrilling pipeline of latest product initiatives.”

Lodgify, which raised $5 million in Collection A funding in 2018, says it has grown its analysis and growth workforce to greater than 70 staff and the corporate to virtually 200.

The corporate joins others within the hospitality expertise area with current funding, together with Breezeway, which raised $15 million in October, in addition to Germany-based Holidu, which closed a €100 million funding spherical that very same month.

In August, European journey tech startup Shackle introduced $5.5 million in seed funding.

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