Lodgify, a Spanish vacation rental software startup that helps property managers manage and grow their vacation rental businesses, has raised $30 million in Series B funding.
The round was led by Octopus Ventures (investing in Intigriti, Delio and Touchlab) with participation from Bonsai Partners, Aldea Ventures and ICF (Institut Català de Finances) and existing investors Intermedia Vermögensverwaltung and Nauta Capital.
Global Expansion And Growth Plans
Lodgify’s goal is to provide companies around the world with technology to start up and grow their business. This will be done through their mission of empowering any business hosting a vacation rental or hosts to use technology to promote their business. Lodgify will use funds from their initial fundraising for further global expansion, product growth and greater customer support.
The growing number of services and tools that both small and large hospitality companies increasingly need helps increase the overall size of the traveling business’s ecosystem.
Lodgify’s research and development team now numbers over 70 employees— as well as the company as a whole — considered to have nearly 200 nationalities.
Lodgify’s accelerated product development and frequent new release schedules help the company achieve its goals for the future. This hiring boost will help them reach their goals even faster.
Lodgify CEO and co-founder Dennis Klett states that the funding will be put toward improving their product and adding new services to their offerings. He also notes that the company is focused on being a great resource for customers.
Compared to other similar businesses, Property Management Software Suite provides a wide range of features that eliminate the need for manual labor— plus it supports both small and large hosts. This is explained by Andres de la Morena from Bonsai Partners.
Appoints New Board Member
As part of this investment round, Uthish Ranjan of Octopus Ventures joined Lodgify’s board of directors.
“Lodgify has a leading position in the neglected SMB vacation rental market. We have been impressed with their product leadership and customer focus, which is reflected in the way they have brought customers even during the pandemic Impressive growth. We look forward to working with Lodgify’s experienced leadership team to execute on its growth plan, which includes a range of exciting new product initiatives,” said Uthish Ranjan, Director, Octopus Ventures.
Go-to Solution For Vacation Rental Property Owners
Founded in Barcelona in 2012 by Marco De Gregorio and Dennis Klett, Lodgify provides an all-in-one solution that enables vacation rental owners to generate more bookings and manage them all from one central location.
Its software-as-a-service (SaaS) platform includes a website builder that allows vacation rental hosts to easily create their own website and accept direct bookings and payments without technical knowledge and seamless API integration with all major vacation rental channels. required. Including Airbnb, Vrbo, and Booking.com.
Vacation rental software solutions enable hotel business owners and managers to create their own mobile-friendly vacation rental websites and accept direct bookings.