Spanish travel tech startup Beonprice has secured €1.4 million in a funding round led by K Fund.

The hotel revenue management startup has developed an algorithm for real time pricing and the Beonprice Quality Index (BQI), an index for hoteliers to measure their hotel’s quality, competitiveness, and pricing.

The new funds will be invested in further product development as well as opening new offices in the UK, Germany, and New York. The startup is based in Salamanca and already has offices in Miami, Bogotá, and Mexico City. It counts NH Hotels and Iberostars Hotels & Resorts among its 1,500 clients and has seen the most traction in the Spain, US, and Latin America.

Lead investors in the round are K Fund, a new VC firm that launched last year with €50 million to invest in Spanish startups.

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