Barcelona-based Lodgify has announced it has raised $30 million in Series B funding.
The investment round was led by Octopus Ventures with participation from Bonsai Partners, Aldea Ventures and ICF (Institut Català de Finances) as well as existing investors, Intermedia Vermögensverwaltung and Nauta Capital.
The funds are set to increase Lodgify’s global reach, boost product growth and expand customer support.
“This is great news for our customers! Lodgify is a customer-first company, and we will invest all the funds in product innovation and expanding our service offering to help our customers achieve their business goals,” said Lodgify’s CEO and co-founder Dennis Klett.
The SaaS platform has API integrations with all the main vacation rental channels including Airbnb, Vrbo, and Booking.com. It offers SME rental property businesses a foothold in the vacation rental market by helping them generate more customer leads, bookings and includes a management system.
The software solution also has website building capabilities, and accepts direct booking and payments putting the control in the hands of its customers.
“Lodgify has carved out a leading position for itself in the overlooked SME vacation rental market. We were impressed with their product leadership and customer focus, which has come through in the impressive growth they’ve helped their customers achieve, even through the pandemic period," said Uthishtan Ranjan, Principal at Octopus Ventures.
"We’re looking forward to partnering with Lodgify’s experienced leadership team to execute its growth plans, which include an exciting pipeline of new product initiatives," he added.
“Their ability to support both individual hosts and fast-growing property management businesses to generate more bookings and save time via automation with their comprehensive software suite is impressive,” said Andrés de la Morena from Bonsai Partners.
Both Uthishtan Ranjan (Octopus Ventures) and Andrés de la Morena (Bonsai Partners) have joined Lodgifyʼs board of directors.