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Hospitality and travel technology provider HotelRunner has announced the closure of its $6.5m(£5.3m) Series A funding.
New and existing investors include 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, and a series of travel and technology veterans and angel investors. Gerry Samuels, Melih Odemis, Daniel King, and Niels Gron were also involved in the round.
HotelRunner is a unified sales, operations, and distribution management platform with AI-driven business intelligence solutions and market network.
It enables properties to run full-scale digital operations, while its B2B network allows its partners to find, connect, and transact with each other online at scale.
The company is headquartered in London and has 100 team members in five cities and three countries.
This $6.5 million financing will be directed towards continuing to build a solid presence in offline markets, growing the team, and investing heavily in delivering state-of-the-art technology, alongside expanding its global reach.
Arden Agopyan, founder and managing partner of HotelRunner, said: “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 realise our mission of offering a global networked marketplace where all travel industry players can participate fairly and trade seamlessly with each other.”
Numan Numan, founding partner of 212, added: “We take great pleasure in partnering with companies inventing technologies and business models transforming the industries globally. HotelRunner has always had a passion for growing the travel economy and democratising the usage of technology, which is why we have supported Ali and Arden throughout their entire journey since the inception of the company.
“Witnessing what they have achieved so far, we can’t help but get excited about the potential HotelRunner promises to the entire world.”
