profitize, a South Tyrolean startup offering an AI-powered financial planning and analysis platform for the hospitality industry, has closed a €1.4 million Seed funding round to expand its technology and enter new European markets.
The round was led by Alpine Fund (Redstone & Euregio⁺) and the Austrian aws Gründungsfonds, with additional participation from industry business angels.
“The hospitality industry works with enormous volumes of data, but often without the means to turn that data into informed decisions. With RateBoard, we optimised the revenue side. With profitize, we’re now tackling costs – because in the end, what matters is what’s left at the bottom of the P&L,” said Simon Falkensteiner, co-founder and Managing Director of profitize.
Headquartered in Bolzano, South Tyrol (Italy), profitize was founded in 2024 by Simon Falkensteiner and Michael Gorfer. Falkensteiner founded the revenue management system RateBoard in 2015, which he sold to the Italian Zucchetti Group in 2020.
The platform integrates financial data from PMS, POS, accounting, HR, banking, and energy providers into a single interface. With real-time analytics, forecasts, automated reports, and AI-based recommendations, it helps hotels, hotel groups, and food and beverage businesses manage their financial performance with precision.
According to the company, the economic environment for hotels has become more challenging. Labour costs are rising, energy prices remain elevated, and there is less room for further rate increases. It also mentions that numerous properties have fragmented financial data, such as occupancy rates in the PMS, costs with the tax advisor, staff information in the scheduling tool, and energy use with the utility company. A complete overview appears only weeks later, if it exists at all.
profitize claims to consolidate this data automatically on a single platform and make it actionable in real time: with forecasts, budget planning, cashflow analyses, and AI-driven recommendations.
The company states that its platform has been adopted by approximately 150 hotels and food and beverage businesses across several European countries since its launch. Both owner-managed independent hotels and multi-property groups use the platform, and its use cases range from budgeting and forecasting to cashflow management and labour productivity analysis.
The startup reported that a 40-room leisure hotel in South Tyrol reduced its labour costs by 10 per cent through the platform, with no reduction in service quality. The lever was not a headcount reduction but more precise scheduling based on occupancy forecasts, says profitize.
“We have been watching profitize for some time and are glad to be on board now. The team is strongly networked in the hospitality sector and knows the genuine pain points of its customers. Together we will internationalise and strengthen the model on the AI side,” said Ben Scheidt, Partner, Redstone.
The company plans to use this funding for the technological development of the platform (including anonymised industry benchmarking and expanded productivity analytics), continued expansion into Italy, Austria, and new European markets, and the growth of the technology and customer success teams.
Read the orginal article: https://www.eu-startups.com/2026/05/south-tyrols-profitize-raises-e1-4-million-to-scale-ai-powered-financial-planning-for-the-hospitality-sector/
