Hotel Manager announces today that it has secured an additional €2.5 million, just months after it raised a €1.1 million round, to accelerate expansion and supercharge growth across enterprise hotels. With this round, Hotel Manager extends its seed round funding to €3.6M, providing the London-based company with the capital needed to fuel its plans and build upon its multi-award-winning product.
The round was led by Fuel Ventures, who doubled down on their previous investment alongside existing investors Pitchdrive VC, CORE Angels Lisbon, Boost Fund, StartupIst Ventures and leading angel investors across the hospitality and technology industries.
With this round, Hotel Manager aims to increase their user base and further expand into global markets. The funding will also enable to hire key team members as well as develop strategic partnerships to drive user growth.
Hotel Manager, was one of the 10 finalists in the Future Travel Summit Pitch Competition 2022 in Barcelona. Founded in 2020, the London-based tech company enables forward-thinking hotels of all sizes to run on modern infrastructure, with no IT department required. From Commerce and Check-In to Chat and Experiences, Hotel Manager offers a flexible suite of solutions that drive efficiency, open new revenue streams, and deliver exceptional guest experiences.
“With this round of funding, we have the fuel to realize our ambitions to enable innovation in hospitality and create memorable experiences for guests and hotel staff. We have exciting plans to accelerate our growth, deepen our enterprise client base, expand our award-winning product and continue to serve the new breed of hotel owners and operators globally.”, says Ajwad Hashim.
Hoteliers are able to launch their own guest-facing interfaces to enable a new communication channel, promoting in-house services as well as attracting diversified revenue streams through commission-based experience booking income. On the operational side, Hotel Manager provides staff with a purpose-built solution—helping move away from Excel spreadsheets and WhatsApp.
Led by CEO Ajwad Hashim, 2x Founder and former Technology Innovation lead at Barclays; together with Gokulan Kannan, Agni Ilango and Jay Luarca, the team brings a wealth of SaaS technology and commercial experience to the company.
This experience combined with the executive leadership of veteran hotelier Francisco Macedo (Hotelier and Chair of the Institute of Hospitality South East) makes the team perfectly placed to reimagine the future of hospitality.
Read the orginal article: https://www.eu-startups.com/2023/05/london-based-hotel-manager-closes-e3-6-million-seed-round-to-build-the-next-gen-hotel-experience/
