Hotelmize, the travel platform designed to improve the pricing and booking process of hotel rooms using big data analysis, has raised $12 million in a Series B funding round.
This raise, led by Flashpoint Capital, follows the retention of significant travel brands with the company optimisation suite and Hotelmize’s 800% YoY growth. Members of Club Investible who previously invested in Hotelmize's 2018 Series A gained early access to this round via their preemptive rights, following on to support our prior Early Stage Fund 1 investments.
Founded by Dor Krubiner, Omry Litvak, and Guy Levitan, Hotelmize utilises advanced technologies such as financial modelling, Big Data, and AI to unlock hidden profits in hotel bookings and create new travel products for OTAs, tour operators, bed-banks, and travel agencies. The company's platform currently serves over 100 partners from 20 countries, helping them increase profitability, enhance customer experience, and gain a competitive edge in the market.
“We are thrilled to have received this funding, which will allow us to continue our rapid growth, develop our optimization suite, and most importantly enhance our partner’s business performance across the globe," said Dor Krubiner, Co-Founder and CEO of Hotelmize. "We are grateful for the support of our investors, who share our vision for the future of the hotel booking industry and we look forward to continuing to serve our partners and driving innovation in the hotel booking space.” Credit: Flashpoint Capital
Hotelmize is a travel optimization platform that uses advanced technology to increase hotel booking profits and create new travel products. It improves purchasing processes for hotel resellers to increase yield and provide exceptional customer service. The platform uses big data and machine learning to create efficient price prediction algorithms for clients to maximize profits.
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