In addition to 83North, existing investors Prime Ventures, EQT Ventures, Coparion, Senovo, Kees Koolen, Lios Ventures, and Chris Hitchen are participating in Holidu's Series D round. Claret Capital is also joining the financing round, providing both equity and venture debt. The new investment increases the company's total funding. Munich company since its founding to more than 100 million euros.
Holidu offers a platform for vacation homes and apartments. The company operates in 21 countries and aggregates more than 15 million listings from over 1,500 travel portals. With its software and service solution Bookiply, the Munich-based company also helps vacation home owners generate more bookings.
The new funds are intended to support the growth of Holiday home search engine and Bookiply. Holidu plans to double its tech organization and invest in acquiring new partnerships. Furthermore, additional Bookiply offices are planned to be opened in Europe.
“Holidu’s growth during the pandemic has been extremely impressive”
Johannes Siebers, CEO and co-founder of Holidu, says:
"People's desire to travel is immense, and vacation homes are perfectly suited for the comeback of tourism. Despite the ongoing lockdowns in some areas, we are already seeing significantly more bookings for 2021 than before the pandemic in 2019, and we expect demand to increase significantly again this summer."
Co-founder and Holidu CTO Michael Siebers says his company has developed new features that users want in the current situation, such as flexible cancellation and payment models. With the funding, his startup will invest heavily in product development.
Laurel Bowden, partner at 83North, says:
"The vacation rental industry is a highly competitive market, and Holidu's growth during the pandemic has been extremely impressive. We were particularly impressed by the efficiency with which Holidu has managed to win over one regional market after another."
