Numa Raises $45 Million for Hotel Tech: Travel Startup Funding This Week

Locomote, based in Australia, plans to tap Escala’s address book, which includes ultra-high net worth individuals, to make introductions to future customers. Numa borrows properties owned by investors, developers, and hotel operators, and then it runs more than 2,500 units in European cities using its technology. Numa claims that automating processes such as check-in can reduce labor costs and boost profits by up to 40 percent for hotel operators. “Demand is clearly shifting from traditional hotel offerings to Numa’s product category,” said Christian Miele, partner at Headline and president of the German Startups Association. It was founded about six years ago by CEO and chief product officer Yusuke Murata, a former engineer at Japanese e-commerce giant Rakuten.