Lodgify, a Barcelona-based startup which offers vacation rental software, announced today that it has raised €1.4 million in a financing round led by Nauta Capital. Existing investors Chris Hitchen, HOWZAT Partners and Roland Zeller also participated in the round. After raising €600K in May of 2015, this new investment brings Lodgify’s total funding to €2 million and will be used to accelerate product development and to invest in sales and marketing.
Lodgify offers a browser-based software solution that enables vacation rental businesses to build their own branded website, accept online bookings and process payments. Embedded in a single integrated back-office, users can also manage reservations, guest communications and booking channels from one place.
“We’re helping vacation rental owners generate more direct bookings via their personal website in light of high commissions charged by online travel agencies,” explains Dennis Klett, co-founder of Lodgify. “Further, it allows owners to offer travelers a better price when booked directly, without the typical traveler fee added by major listing sites.”
Lodgify launched its vacation rental software in 2013. The new financing round builds on an exceptional year for Lodgify which saw a rapidly growing customer base, high volume of booking transactions and great market momentum, especially in Europe and the US.
Jordi Viñas, General Partner at Nauta Capital stated: “They have managed to build a powerful solution in a fast growing industry that has traditionally focused solely on the traveler.”
To get a feeling for how Lodgify works, make sure to check out the video below: