RoomPriceGenie
,
a hospitality dynamic pricing specialist, has landed $2.2 million in funding.
Investment
in the Swiss-German technology startup was led by Wingman Ventures and
Mutschler Ventures with RKKVC and Zurcher Kantonalbank also participating.
In a
statement the company says the funds will be used to accelerate the
international roll-out of its pricing automation solution.
RoomPriceGenie,
which was founded in 2017, says it has tripped revenue in the past 12 months.
Ari
Andricopoulos, founder and CEO, says: “The solution we provide is starting to
be recognized as an essential part of every hospitality operation, whatever the
size. Automated pricing assistance is something that will become the norm
rather than the exception, for all types of hotels.”
Maximilian
Engelken, Mutschler Ventures, says: “Even though operating in the hospitality
space is challenging in current times, the RoomPriceGenie team managed to
significantly and consistently expand their user base. While the market
tumbled, they accelerated.”
RoomPriceGenie won the People's Choice award at Phocuswright Europe 2021's Summit competition.
Watch its pitch below:
RoomPriceGenie - Innovation Summit EMEA - Phocuswright Europe 2021