Barcelona-based vacation rental software company
Lodgify
has raised $30 million for global expansion.
The Series B round was led by Octopus Ventures with participation from Bonsai Partners, Aldea Ventures and ICF (Institut Català de Finances) as well as existing investors Intermedia Vermögensverwaltung and Nauta Capital.
Founded in 2012, Lodgify helps vacation rental hosts and businesses build their own websites to attract and grow direct bookings. Through its software-as-a-service platform, which integrates with vacation rental channels including Airbnb, Vrbo and Booking.com, owners and managers can accept online bookings and payments. It also offers a property management system to manage reservations.
In addition to accelerating expansion, Lodgify will use the funds to develop products and release new features.
“Lodgify is a customer-first company, and we will invest all the funds in product innovation and expanding our service offering to help our customers achieve their business goals,” says Lodgify co-founder and CEO Dennis Klett.
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Adds Uthish Ranjan, principal at Octopus Ventures: “Lodgify has carved out a leading position for itself in the overlooked SME vacation rental market. We were impressed with their product leadership and customer focus, which has come through in the impressive growth they’ve helped their customers achieve, even through the pandemic period.
“We’re looking forward to partnering with Lodgify’s experienced leadership team to execute its growth plans, which include an exciting pipeline of new product initiatives.”
Lodgify, which
raised $5 million in Series A funding in 2018
, says it has grown its research and development team to more than 70 employees and the company to almost 200.
The company joins others in the hospitality technology space with recent funding, including
Breezeway, which raised $15 million in October
, as well as Germany-based
Holidu, which closed a €100 million funding round
that same month.
In August, European travel tech startup
Shackle announced $5.5 million in seed funding
.