OTA Sync is closing International Seed round of €1.3M led by Presto Ventures – OTA Sync | Blog
Summary
This funding, led by and joined by notable investors such as , , , and , will propel mission to provide an all-in-one cloud-based Hotel & Property Management solution to hospitality businesses worldwide.Were excited to welcome OTA Sync to Presto, as they complete our HORECA portfolio segment by adding their HO to our RECA. We believe the rapid post-covid surge of mass tourism creates an ideal setting for tools that significantly increase the productivity of the already scarce hospitality workforce. Furthermore, the increase in the number of tourists and accommodation capacities has led to greater interest in hotel tech solutions in this fast developing industry.The funds raised in this investment round will be pivotal in driving expansion into the European and Latin American markets. Additionally, the investment will fuel the development of new functionalities, ensuring stays at the forefront of innovation in the ever-evolving hospitality tech landscape.With offices in Estonia and Serbia, currently boasts over 2,000 satisfied users across 17 countries worldwide. These clients benefit from a suite of four comprehensive solutions: , , and a .In conclusion, recent Seed round investment of 1.3 million signifies a remarkable step forward for the hotel tech industry.