Bob W raises €10M after performing 3x better than hotels during pandemic - Bob W. Blog
Summary
6 April 2021 – Bob W, the tech-driven hospitality provider offering a smarter and more sustainable alternative to hotels and short-stay rentals, has secured 10 million euros of funding in its seed round. Other top European real estate and venture capitalist investors include Kaamos, Superangel, United Angels and NREP through its 2150 investment wing, which just launched with 200 million euros to back sustainable urban technologies. As the hospitality sector at large has suffered greatly from the reduced demand for accommodation, Bob W has reached occupancy rates as high as 90% at its existing properties in Estonia and Finland. This owes, in part, to the company’s ability to serve both business and leisure travellers for long and short stays as well as their “Ridiculously Clean Standard”, which exceeds WHO recommendations. Backed by Europe’s top real estate investors and venture capitalists, we’re building the technology to give every guest a local, contactless five-star experience at scale.