Hotelmize has secured $12 million in series B funding, led by Flashpoint Venture Capital with participation of existing investors.
The pandemic has accelerated demand for revenue-generating products and technologies in the industry to help travel companies recover from two years of the pandemic and leverage the market momentum. Hotelmize utilizes advanced technologies to unlock hidden hotel booking profits and to create new travel products based on financial modelling, Big Data and AI, to make OTA’s, tour operators, bed-banks and travel agencies more competitive and profitable. Hotelmize analyzes its partners’ reservations and optimises their purchase rates, utilizing the company’s proprietary AI predictive algorithm and room mapping technology. Hotelmize’s innovative product portfolio will be officially launched in Q2 2023.
Hotelmize is serving more than 100 partners from 20 countries which are leveraging company travel optimization platform to increase their profitability, enhance customer experience and gain a competitive edge.
The series B round came after Hotelmize had experienced over 800% YoY growth and after successfully retaining some of the biggest B2C and B2B travel brands in the industry with the company optimization suite which is yet to be published openly to the market.
Hotelmize’s vision is to become the leading travel optimization platform in the industry and continue to enhance value for partners and their clients.
The company was founded by Dor Krubiner, CEO, Omry Litvak, COO, and Guy Levitan, CTO. Founder’s unique approach to leverage capital market trading practices to optimize travel company’s ability to better purchase and sell travel products came from their extensive experience in the capital markets.
Dor Krubiner, CEO at Hotelmize, mentioned: “We are thrilled to have received this funding, which will allow us to continue our rapid growth, develop our optimization suite, and most importantly enhance our partner’s business performance across the globe. We are grateful for the support of our investors, who share our vision for the future of the hotel booking industry and we look forward to continuing to serve our partners and driving innovation in the hotel booking space.”
Alexander Konoplyasty, Managing Partner at Flashpoint Venture Capital, commented: “We are pleased to see Hotelmize revenues and profitability growing rapidly on the back of the development of their products disrupting the travel market. During our due diligence, we have been amazed by how the clients of Hotelmize are happy with the level of the service they get from the company. We welcome Hotelmize to the Flashpoint Family – this is already our 12th investment in Israel over the last 6 years.”
