HotelRunner raises $6.5M for hospitality tech platform

Hospitality technology provider HotelRunner has closed Series A funding of $6.5 million.

The funding for the London, U.K.-based business comes from both new and existing investors 212, Wix Capital, Founders Factory, Ascension Ventures, DHM as well as a number of technology veterans and angels.

HotelRunner offers an operations, sales and distribution platform for the hospitality industry and claims to process more than 35 million transactions daily between properties, travel partners and travelers.

The company plans to put the investment toward strengthening its presence in various markets including the opening of offices in the Americas, boosting its 100-person team and technology development.

Arden Agopyan, founder and managing partner of HotelRunner, says: “Since the day we founded HotelRunner, we draw our strength from our conquering technology and trailblazing persona and work with the sole ambition of moving our partners and the industry forward, also preparing them for the future. This funding will provide us with the extra means to significantly further our efforts to realize our mission of offering a global networked marketplace where all travel industry players can participate fairly and trade seamlessly with each other.”

Ali Beklen, founder and managing partner of the company, adds: “Raising this capital is the pure validation of HotelRunner’s recession-proof growth model.”

HotelRunner and Wix announced a partnership last year combining Wix’s online platform with HotelRunner’s travel technology.

Darya Fuks, head of corporate development at Wix, says: ”Wix’s partnership with HotelRunner is another step in creating the go-to solution for businesses to manage their operations and grow efficiently.”

HotelRunner announced the acquisition of analytics platform RateFor in September 2020.

A number of other hospitality technology specialists have attracted funding in the past year with notable rounds including Mews with $185 million , Canary Technologies with $30 million and Selfbook with $15 million followed by an undisclosed investment from American Express .