The fresh €20 million for Apaleo came from PSG Equity, a private equity firm focused on software and technology-enabled services companies. Existing investors Redalpine, Force Over Mass Capital, and Rockaway Ventures also participated in the equity round.
In addition to its expansion plans, the Startup will now also further develop its platform technology and bring additional specialists on board. The goal is to expand its market presence in Europe to become the leading property management platform for hotels and serviced apartments. At the same time, it aims to expand its reach across the broad accommodation industry – from hotel chains and resorts to student accommodation and short-term rentals, camping, senior living, and other types of accommodation.
Currently, the technology According to the company, Apaleo's app is used in over 30 countries worldwide. Customers already include hotel brands and apartment providers such as Citizen M, Easy Hotel, Falkensteiner Hotels & Residences, Numa, and Limehome.
Apaleo's API-first hotel management software enables seamless integration with over 250 specialized applications, allowing lodging providers to create flexible technology packages tailored to their individual needs. Uli Pillau, Founder and CEO, explains:
"The industry is undergoing rapid change, driven by digitalization. Accommodation providers of all types and sizes are increasingly looking for flexible and scalable technology solutions that can be adapted to their individual business models while fostering innovation and agility. Traditional all-in-one software has long limited companies with rigid structures, thus stifling their growth potential and creativity."
Regarding the investment Edward Hughes, Managing Director at PSG Equity:
"Apaleo's consistent API-first approach gives the company a clear competitive advantage. At a time when the lodging industry is evolving technologically, Apaleo's flexible and powerful platform offers the perfect solution to meet the changing needs of accommodation providers worldwide. We are excited to support Apaleo in its international expansion and contribute our experience to successfully scale the company in the most important global markets."
