LONDON, January 17, 2023 – HotelRunner, the fast-growing global provider of travel and hospitality technology, today announced the closing of its $6.5 million Series A round. New and existing investors, including 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, and a number of travel and technology veterans and angel investors who also joined the firm’s advisory board, Gerry Samuels, Melih Odemis, Daniel King and Niels Gron participated in the round.
HotelRunner supports the global hospitality industry with its unified sales, operations and distribution management platform, AI-powered business intelligence solutions and marketplace network. Expanding across the globe in 193 countries and with thousands of customers, HotelRunner enables properties, whether resort hotels or independent properties and vacation rentals, to run large-scale digital operations, while its B2B network enables its partners to find, connect and transact with each other online at scale, processing more than 35 million transactions daily between properties, travel agencies, travelers and payment gateways.
Based in London, HotelRunner has already become a recognized success story with over 100 team members in five cities and three countries, growing rapidly despite turmoil in the hospitality industry and global markets. With ambitions to democratize the use of technology for hospitality and travel businesses in all corners of the world, HotelRunner continues to be a profitable company thanks to its agility and adaptable technology that provides sustainable growth opportunities for its partners.
This $6.5 million funding will go toward continuing to build a strong presence in offline markets, growing the team, and investing heavily in delivering cutting-edge technology. HotelRunner plans to continue its global expansion, opening new offices in the Americas in the coming months, unlocking the potential to provide low-cost and scalable growth opportunities for the hospitality industry in the US and LATAM. Having made two acquisitions in the past, the company has its sights set on consolidating the fragmented travel technology industry in different markets by continuing its spree of acquisitions.
“Since the day we founded HotelRunner, we draw our strength from our conquering technology and pioneering personality, and work with the sole ambition of moving our partners and industry forward, preparing them for the future as well,” he said. Arden Agopyan, Founder and Managing Partner of HotelRunner. “This funding will provide us with the additional means to significantly further our efforts to fulfill our mission of providing a global networked marketplace where all players in the travel industry can fairly participate and trade seamlessly with one another.”
“We are proud to be the trusted sales and technology partner that has shaped the industry outlook for over a decade with our power to quickly adapt in turbulent environments. Raising this capital is pure validation of HotelRunner’s recession-proof growth model.” Ali Beklen, Founder and Managing Partner of HotelRunner. “We will further surpass our pioneering platform and continue to build a bigger travel economy for every player in the global ecosystem.”
“We are pleased to partner with companies that invent technologies and business models that are transforming industries globally,” he said. Numan Numan, founding partner of 212. “HotelRunner has always had a passion for growing the travel economy and democratizing the use of technology, which is why we have supported Ali and Arden throughout their journey since the company’s inception. Witnessing what they’ve accomplished so far, we can’t help but be excited about HotelRunner’s potential promises to the entire world.”
“Wix’s partnership with HotelRunner is another step in creating the ideal solution for businesses to manage their operations and grow efficiently,” he said. Darya Fuks, Director of Corporate Development at Wix.
Last June, HotelRunner and Wix announced a strategic partnership, combining Wix’s end-to-end online platform with HotelRunner’s end-to-end travel technology that offers a complete solution for all types of lodging to manage and grow your hospitality business. online.
About Hotel Runner
HotelRunner is a unified SaaS-enabled sales, operations and distribution management platform and B2B marketplace network for lodging, travel agencies and payment providers. HotelRunner has thousands of accommodation and travel agency partners around the world. HotelRunner is a Booking.com Premier Connectivity Partner, Expedia Elite Connectivity Partner, Airbnb Software Partner, Innovator Provider to Agoda, Oracle, Hotelbeds, and Google Hotel Ads Strategic Partner.
For more information on HotelRunner, visit the website.
