202203 Nov

Barcelona-based Lodgify lands €30 million as vacation rental market heats up

Summary

Becoming successful in this space, and standing out from the crowd, relies on being heard and seen in the digital sphere, and with the digitalisation of management tools, hosts and vacation rental businesses can grow by tapping into an international market. Lodgify is a customer-first company, and we will invest all the funds in product innovation and expanding our service offering to help our customers achieve their business goals.” The Series B investment of €30 million was led by Octopus Ventures with participation from Bonsai Partners, Aldea Ventures and ICF (Institut Català de Finances) as well as existing investors, Intermedia Vermögensverwaltung and Nauta Capital. Founded in 2012, Lodgify has been pioneering the digitalisation of the vacation rental market, and now has grown to an international team of more than 170 people and 40 different nationalities in the heart of Barcelona – one of Europe’s biggest travel hubs. Andrés de la Morena from Bonsai Partners: “Their ability to support both individual hosts and fast-growing property management businesses to generate more bookings and save time via automation with their comprehensive software suite is impressive.” The platform includes a website builder that allows vacation rental hosts to easily build their own website and accept direct bookings and payments without requiring any tech skills and seamless API integrations with all the main vacation rental channels including Airbnb, Vrbo, and Booking.com. This investment will help fuel the expanding ecosystem of tools and services that both small and large hospitality firms increasingly depend on to professionalize operations and scale up.

Source: Eu-startups

Funding

$30M
Amount
Nov 03 2022
Date
-
Investor
Lodgify
Company

Classifications

Companies