Berlin-based digital hotel operator and technology developer NUMA Group (previously known as COSI Group) has raised $45 million capital to further expand business.
The round was led by DN Capital Group, one of the most successful global technology investors who previously backed Auto1, HomeToGo, and Shazam. The co-lead investor was Headline. Existing investors, including Cherry Ventures, Soravia, Kreos Capital, TruVenturo, and Scope Hanson also participated in the oversubscribed financing round.
The company offers disruptive design hotels for modern travellers. It operates more than 2,500 units in European cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona, and Vienna. It is partnering with investors, property owners, developers, and hotel operators to create innovative technology-based operator solutions. NUMA's proprietary technology stack increases profits by up to 40% for hotel operators through automated business processes, intelligent pricing, and higher occupancy rates.
Talking about how the company grew business during the pandemic, Christian Gaiser, CEO and co-founder of NUMA Group said: “We used the pandemic to prove the resilience of our business model. We achieved 500% revenue growth and 85% booking occupancy despite Corona using our concept and proprietary technology. We will use the fresh capital to offer even more hotel rooms and expand our technological lead across Europe rapidly – we will also expand the NUMA Go business unit.”
Nenad Marovac, Founder and Managing Partner of DN Capital Group, European Midas List Investor and Board member at NUMA: " The team behind NUMA has consistently achieved high occupancy rates and sustainable profitability of its units despite Corona. NUMA's business model offers an attractive risk-reward profile for real estate partners, operators – and, most importantly, a completely new travel experience for modern travelers. We believe NUMA’s disruption technology will fundamentally change the hotel industry."
Christian Miele, Partner at Headline, President of the German Startups Association, and German Startup Investor of the Year (Handelsblatt) said: "Demand is clearly shifting from traditional hotel offerings to NUMA's product category. The platform is capital-efficient in developing a new, disruptive hotel category that is tailor-made to meet the demand of Millennials and Gen-Z."
The startup expanded into Spain, Italy, Austria, and the Czech Republic in 2021.