In addition to 83North, Holidu's Series E round includes participation from Northzone, HV Capital, Vintage Investment Partners, and Communfund Capital, as well as existing investors Prime Ventures, EQT Ventures, Coparion, Senovo, Lios Ventures, and Chris Hitchen's Possible Ventures. Part of the financing includes €25 million in venture debt from Claret Capital and Silicon Valley Bank.
With the fresh capital, the Munich open further branches in Europe, grow in existing markets and advance their product development.
“The Holidu team is extremely strong in implementing their strategy”
Holidu was founded in 2014 by brothers Johannes and Michael Siebers. The Munich-based startup's vacation home booking portal has been visited by more than 110 million users in the last twelve months. Under the Bookiply brand, the company offers a solution for vacation home owners to generate more bookings. Bookiply already accounts for more than half of Holidu's total revenue. Johannes Siebers, Co-founder and CEO, says:
"The financing allows us to continue investing in the product and expansion. This funding is a strong vote of confidence in a currently challenging economic environment. Our goal is to build a large holiday home company that helps hosts and guests across Europe enjoy their holiday home vacations."
Laurel Bowden, partner at 83North, says:
"The Holidu team is extremely strong in executing their strategy. This is how they are managing to succeed in the fragmented holiday home market and take the market to the next level. The team is facing a truly significant opportunity for further expansion. It's wonderful to be part of this journey, and we look forward to the journey ahead."
