25 C
Mumbai
Wednesday, January 25, 2023
spot_img

Travel tech startup Holidu gets $102M to grow faster in Germany, Europe

- Advertisement -

Travel tech startup Holidu has secured funding of $102 million. The company will use the money to fast-track its growth in Germany, and Europe.

Holidu, a Munich-based vacation rental software firm, has secured roughly $102 million in a series E oversubscribed round headed by prior investor 83North. This figure includes $24.4 million in venture debt.

According to the corporation, sales increased by 100% in 2021 over the previous year.   Holidu’s subsidiary Bookiply is designed to assist single property owners in increasing reservations. Bookiply’s income now accounts for more than half of Holidu’s total revenue, having grown 13-fold between 2019 and 2022.

Since 2020, the number of houses maintained by Bookiply has increased from 5,000 to approximately 20,000.  Lohospo and my.IRS. are two German travel software firms that Bookiply acquired earlier this year.

Holidu raised $45 million in 2021. The company will use the funding it has raised now to fast-track its as well as Bookiply’s growth in Germany and Europe.

Holidu co-founder and CEO Johannes Siebers commented, “We will now extend our region-by-region strategy into Europe’s enormous and lucrative hosting sector.”

(To receive our latest news on WhatsApp daily, please click here. To receive it on Telegram, please click here.)

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles