The Munich startup Holidu secures 40 million euros in a Series C financing round. Just last week, Proglove a Another Munich startup raises 40 million The lead investor in Holidu's Series C round is the Dutch venture capital firm Prime Ventures, with new investors Coparion and Mairdumont Ventures. At the same time, the company announced a further development of its portfolio.
Munich-based platform startup Holidu has closed a €40 million Series C financing round. Prime Ventures led the round. New investors included Coparion and Mairdumont Ventures. Existing investors, including EQT Ventures, Venture Stars, Senovo and business angel Chris Hitchen, also invested in the current round.
Michael Siebers, CTO and co-founder of Holidu, comments:
"We believe that by combining technology and data, almost any problem can be solved. The vacation home market is still ten years behind other digital markets in terms of technology, so there are enormous opportunities here."
Holidu was founded in Munich in 2014 founded by the brothers Johannes and Michael SiebersThe vacation home search engine is now active in 21 markets. More than ten million visitors per month use the platform. Using image recognition technology, the Munich-based startup compares the prices of more than 15 million accommodations on 600 different websites. New to the portfolio is Bookiply, an independent, all-in-one solution for vacation rental companies. The software supports vacation rental companies by listing their vacation homes on the largest travel websites, synchronizing calendars, and creating multilingual descriptions and professional photos.
Financing should push product and sales
The fresh capital will be used to support product development on both the Holidu website and the Bookiply software will be further advanced. Additional funds will be invested in sales and marketing to attract new partners, such as local holiday home agencies.
Johannes Siebers, CEO and co-founder of Holidu, says:
“The financing will accelerate our growth and help us continue to create unique value for our partners, travelers, and vacation home owners.”
