LONDON – HotelRunner, the fast-growing global hotel and travel technology provider, today announced the closing of its $6.5 million Series A. New and existing investors, including 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, and a series of travel and technology veterans and angel investors who have also joined the company’s advisory board, Gerry Samuels, Melih Odemis, Daniel King and Niels Gron took part in the tour.
HotelRunner supports the global hospitality industry with its unified sales, operations and distribution management platform, AI-based business intelligence solutions and marketplace network. Expanding globally to 193 countries and with thousands of customers, HotelRunner enables properties, from resort hotels to independent properties and vacation rentals, to conduct large-scale digital operations. scale, while its B2B network enables its partners to find, connect and transact with each other online at scale, processing more than 35 million transactions per day between properties, agencies travel, travelers and payment gateways.
Based in London, HotelRunner has already become a proven success with over 100 team members in five cities and three countries, and is growing rapidly despite the turmoil in the hospitality industry and global markets. With the ambition to democratize the use of technology for hospitality and travel businesses around the world, HotelRunner continues to be a profitable business through its agility and adaptive technology providing sustainable growth opportunities to his partners.
This $6.5 million funding will be used to continue to establish a strong presence in offline markets, grow the team and invest heavily in delivering cutting-edge technology. HotelRunner plans to continue its global expansion, inaugurating the new offices in the Americas in the coming months, which will unlock the potential to provide scalable, low-cost growth opportunities for the hospitality industry in the United States and in LATAM. Having completed two acquisitions in the past, the company plans to consolidate the fragmented travel technology industry in different markets by continuing its acquisition spree.
Since the day we founded HotelRunner, we draw our strength from our conquering technology and our pioneering personality, and work with the sole ambition to move our partners and the industry forward, also preparing them for the future. This funding will provide us with the additional means to significantly pursue our efforts to achieve our mission of providing a global, networked marketplace where all players in the travel industry can participate fairly and trade seamlessly with each other. Arden Agopyan, Founder and Managing Partner of HotelRunner
We’re proud to be the trusted technology and business partner that has shaped industry prospects for more than a decade through our ability to adapt quickly in turbulent environments. Raising this capital is pure validation of HotelRunner’s recession proof growth model. We will continue to excel at our pioneering platform and continue to build a greater travel economy for every player in the global ecosystem. Ali Beklen, Founder and Managing Partner of HotelRunner
We take great pleasure in partnering with companies that invent technologies and business models that transform industries globally. HotelRunner has always had a passion for growing the travel economy and democratizing the use of technology, which is why we have supported Ali and Arden throughout their journey since the company was founded. Seeing what they have accomplished so far, we can’t help but be excited about what HotelRunner has the potential to promise the world. Numan Numan, founding partner of 212
Wix’s partnership with HotelRunner is another step in creating the go-to solution for businesses to manage their operations and grow efficiently. Darya Fuks, Head of Business Development at Wix
Last June, HotelRunner and Wix announcement a strategic partnership and combined Wix’s comprehensive online platform with HotelRunner’s end-to-end travel technology providing a complete solution for all types of accommodations to manage and grow their hotel business online.
About HotelRunner
HotelRunner is a unified SaaS sales, operations and distribution management platform and B2B network for accommodations, travel agencies and payment providers. HotelRunner has thousands of accommodation partners and travel agencies worldwide. HotelRunner is a Premier Booking.com Connectivity Partner, Expedia Elite Connectivity Partner, Airbnb Software Partner, Agoda Innovative Provider, Oracle Gold, Hotelbeds and Google Hotel Ads Strategic Partner.
To learn more about HotelRunner, visit our website.
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