Espoo-based startup MeetingPackage has successfully secured $4.6 million in Series A funding led by Scale Capital. The startup specializes in streamlining and automating the booking and management of Meetings & Events spaces for hotels and event venues. This substantial funding injection will be instrumental in fueling the company’s expansion efforts in both the European and North American markets. MeetingPackage, which is already operating profitably, plans to utilize this capital to further enhance its product suite, particularly by adding online bedroom booking capabilities for groups and expanding its integrations with multiple Sales and Catering and Property Management Systems.
MeetingPackage, a Finnish software firm, offers a comprehensive solution for hotels and event venues to effectively sell, operate, and oversee their Meetings & Events spaces. MeetingPackage enhances the booking process for meeting planners and venues, seamlessly integrating with their existing Property Management, Sales & Catering, and back-office systems while delivering a range of products across customer-facing channels. Their offerings encompass Venue & Sales Management Software, an online Booking Engine, and a specialized Channel Manager for Meetings & Events. This user-friendly self-service software is available in twelve different languages and can be set up in minutes. MeetingPackage’s software is already benefiting various businesses, including renowned hotel chains, individual hotels, restaurants, co-working spaces, unique event venues, major Travel Management Companies (TMCs), Online Travel Agencies (OTAs), and event marketplaces.
“At Scale Capital, we have been impressed by the trajectory and focus that MeetingPackage has demonstrated in recent years. MeetingPackage has built a comprehensive product suite, assembled an ambitious and determined team of industry experts, and demonstrated consistent growth and profitability – a rare feat in today’s market. We are excited to lead the investment round and support the European and US expansion of the company,” remarked Lars Jensen, Managing Partner at Scale Capital.
“We continue to refine and to innovate our product offerings to meet the evolving needs of the hospitality industry. Our team is gearing up to unveil a series of new features to streamline operations and elevate customer experience. We aspire to set new benchmarks for efficiency, user-friendliness, and customization,” said Joonas Ahola, CEO & Founder of MeetingPackage.
The expansion into the North American market signifies a key milestone in the growth of MeetingPackage. This move represents not just a geographical expansion, but also a strategic initiative to foster collaborative relationships with local industry players, thereby cultivating a rich ecosystem.
Joonas continues, “We are stepping into an era where technology creates unparalleled opportunities to the hospitality industry. With a solid foundation and a clear vision for the future, we are ready to redefine what is possible in the venue and group booking domain. This is just the beginning, and we couldn’t be more excited to lead the change towards a more connected and efficient industry. Together, with our stakeholders we are setting the stage for a future where MeetingPackage not only meets but exceeds the expectations of the modern venue and group booking landscape.”
Read the orginal article: https://arcticstartup.com/meetingpackage-raises-4-6m-series-a/
