Former CEO puts €4 million into Munich-based travel tech startup Holidu

Former CEO puts €4 million into Munich-based travel tech startup Holidu

Holidu, a Munich-based travel tech company, today announced a €5 million extension to its €40 million Series C round from last year. Notably, €4 million of that extension comes the personal fund of former CEO and Uber advisor Kees Koolen, who frequently invests in this space and has been on the startup's board since 2016.

Backed by EQT Ventures (which Koolen also advises) and self-reportedly profitably since last May, Holidu operates a search engine for vacation rentals, enabling travellers to find and book their ideal accommodation from 1,000+ partners worldwide.

The company also offers Bookiply through a subsidiary; it's essentially a SaaS solution for vacation rental owners, helping them multiply their bookings.

The startup was founded by brothers Johannes (CEO) and Michael Siebers (CTO) in 2014.

Here's Johannes' comment on the funding news and its recent growth:

"People had been locked in their apartments due to COVID-19 for a long time and we saw that once it was allowed again, people just wanted to travel. Many of them looked for safer nearby travel options, for which vacation rentals are ideal. We have focused on this segment of the travel market since our foundation and it makes us beyond happy that we have been able to help millions of travelers to have a great summer vacation this year.”

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