Money on the way to hotelbird: hotelbird GmbH, which specializes in hotel software, has successfully completed a seed financing round of two million euros in the first closing.
The new investors BayBG Bavarian Investment Company The Munich-based IT company, founded in 2015, will use the capital contributed by Hannover Finanz and Hannover Finanz for further product development and the expansion of marketing and sales. Hotelbird is already enjoying high cash flow and a strong earnings position and is planning a later second closing with an additional million-euro sum.
The Munich-based company develops and markets a digital platform for hotels that serves as an interface between guests and hotels. This allows guests to manage and control everything related to their hotel stay—check-in, door access, check-out, and payment—from a single source via a smartphone app or the web. A process that airlines, for example, have been using for some time and that hotel guests increasingly expect.
On the other hand, the hotelbird software enables hotels to manage and process data seamlessly. Hotel operators and chains such as Steigenberger, Leonardo, Intercity Hotels, and novum use the Munich-based startup's software.
“Increase market presence once again”
“hotelbird has created a very efficient software that, with its open platform structure, can be flexibly integrated into the respective hotel software,”
said BayBG investment manager Lukas Biberacher.
"This clearly sets the company apart from other providers. With our investment, hotelbird will receive the financial resources to further increase its market presence."
Juan Sanmiguel, CEO and founder of hotelbird GmbH:
"With simple and easily manageable processes in the familiar booking system, our platform supports hotels in their further digitalization. The commitment of BayBG and Hannover Finanz enables us to continue our dynamic growth path. We are proud to have gained two such renowned investors."
