Hotel Engine Propels to Unicorn Status

Funding Rounds

▤ Summary

The investment pushes the 6-year-old company’s valuation to $1.3 billion, a nearly ninefold increase over the Series A funding two years ago, according to the announcement. Hotel Engine Founder and CEO Elia Wallen said the investment will allow the company to bolster its staffing, innovate faster and expand its global network of lodging partners. Amid an ongoing global pandemic, Hotel Engine has managed to break company records monthly, according to the announcement. Read more: Hopes for Business Travel Recovery Rise as Rides to Airports Triple In terms of travel industry advancements, last month corporate hospitality platform HRS launched a collaborative effort with Citi to enable the integration of the bank’s virtual payment product with HRS’s booking process. Aimed at automating travel payments, the effort will embed Citi’s Virtual Card Account in the HRS platform for use in 46 markets, including China, India, Russia and Brazil.

$ Funding

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Amount $65.0M Total raised
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Date December 2, 2021 Announcement date
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Investors - Lead investors
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Company http://www.hotelengine.com Funded company

▥ Classifications

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applications
Accounting and Taxes

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▦ Linked Companies

Hotel Engine
$10M to $25M