Holidu, a Munich -based vacation rental company that helps to book the ideal accommodation for the lowest price, closed €100 million in Series E funding.
The round was led by 83North, with participation from Northzone, HV Capital, Vintage Investment Partners, Commonfund Capital, Prime Ventures, EQT Ventures, coparion, Senovo, Lios Ventures, and Possible Ventures.
The round also includes a venture debt component of €25 million from Claret Capital and Silicon Valley Bank.
The proceeds will fuel Holidu's and Bookiply's roll-out of local office locations, unlock organic and inorganic growth in existing markets, and drive additional product investments into Bookiply and the booking platform Holidu.
Johannes Siebers, co-founder, and CEO, said, "We see that our company delivers true value to hosts and guests, which is reflected in our strong host retention and guest satisfaction. We will now scale our region-by-region approach into Europe's large and attractive hosting market. This financing round is a great vote of confidence in the current environment. We are on the path to building a big company."
Bookiply is now active in 19 local offices across Europe and manages properties in several key tourist areas in Spain and Italy. Holidu has reached more than 110 million visitors in the last 12 months. Currently, the company employs 500 people.
Company: Holidu GmbH
Raised: €100.0M
Round: Series E
Funding Month: October 2022
Lead Investors: 83North
Additional Investors: Northzone, HV Capital, Vintage Investment Partners, Commonfund Capital, Prime Ventures, EQT Ventures, coparion, Senovo, Lios Ventures, Possible Ventures, Claret Capital and Silicon Valley Bank
Company Website: https://www.holidu.com/
Software Category: Booking Platform
About the Company: Founded in 2014 by brothers — Johannes and Michael Siebers, Holidu is a booking platform for vacation rentals that allow travelers to find accommodation and book it for the lowest price. It has developed a software and service solution for hosts called Bookiply, a simple and intuitive online platform for vacation rental owners to manage their businesses the easiest way possible. Single property owners generate more bookings with fewer efforts with Bookiply's on-the-ground support from local teams. In the past three years, the number of managed Bookiply homes has grown from 5,000 to nearly 20,000. Consequently, the revenue from Bookiply homes has grown 13x from the pre-pandemic year 2019 to 2022. Holidu ́s mission is to empower hosts and guests to truly enjoy their vacation home by finally making a booking and hosting easy. The company has its headquarters in Munich and regional offices.
Source: https://techfundingnews.com/bookings-coms-german-rival-founded-by-brothers-raises-e100m/