Hotel Engine, a Denver CO-based Lodging Performance Network company, raised $65 million in Series B funding round at $1.3 Billion Valuation.
The round was led by Telescope Partners, with participation from Blackstone. The company intends to use the funds to expand operations and its business reach.
Company: Hotel Engine, LLC
Raised: $65.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Telescope Partners
Additional Investors: Blackstone
Company Website: https://www.hotelengine.com/
Software Category: Hotel booking platform
About the Company: Led by Elia Wallen founder, and CEO, Hotel Engine provides a Lodging Performance Network that aims to create a rewarding business travel experience by connecting a global network of businesses and lodging partners. The collective power of the network delivers savings, convenience, and choice to business travelers while driving business to lodging partners. Hotel Engine is used by 550,000+ individual members across 40,000+ businesses and 700,000 hotels in 185+ countries.
Source: https://www.finsmes.com/2021/12/hotel-engine-raises-65m-in-series-b-at-1-3-billion-valuation.html