Apaleo wants to enable every hotel to individually realize its ideal guest experience and optimal employee experience. To this end, the Munich-based startup has developed a open, API-based cloud platform developed a solution that allows hotels and serviced apartments to create a customized technology stack. The Munich-based company's property management and payment system is complemented by the integration of third-party applications and in-house solutions.
According to its own information, Apaleo is active in over 15 countries. The startup's customers include Limehome, HR Group and Lindemann Hotels.
Martin Reichenbach, CEO and co-founder of Apaleo, is convinced:
"Apaleo is exactly what hotel groups and alternative accommodation providers have long been demanding: a true platform approach to developing their preferred tech stack. 2022 has given us a clear signal that the industry is ready and hungry for change. This new funding will enable us to pursue our mission since Apaleo's founding: to give every hospitality business the freedom to realize their vision. We will continue to provide the core, while our forward-thinking community will help hospitality businesses innovate."
Apaleo impresses with “combination of cutting-edge technology and a top-class management team”
The €4.5 million Series A extension is led by Rockaway Ventures and Serpentine Ventures. Several high-profile angel investors from the hotel industry also participated. The financing will primarily be used to further develop the platform for hotel and serviced apartment chains. However, accelerating expansion in Europe is also on the agenda. Existing investors Force Over Mass and Bayern Kapital came on board with the 2021 Series A. Redalpine has supported Apaleo since the startup's seed round in 2018.
Maximilian Boelck, Investment Director at Serpentine Ventures, says:
"Apaleo's robust and cost-effective business model, coupled with its rapid growth, made the company very attractive to us as an investment partner. As technology investors, we were truly impressed by the combination of cutting-edge technology and a top-notch management team comprised of hospitality veterans, serial entrepreneurs, and SaaS experts."
And Andrea Lauren, General Partner at Rockaway Ventures, adds:
"As a long-term investor in the European online travel space, we appreciate Apaleo's ability to address current trends in the hospitality industry and the changing needs of the modern customer. We believe Apaleo has the potential to become a major player in the global hospitality tech ecosystem."
