Holidu Raises $102 Million for Vacation Rental Software: Travel Startup Funding This Week
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Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.Travel startups announced nearly $163 million in funding over the last two weeks.
>> Holidu, a Munich-based vacation rental software company, has raised a series E oversubscribed round of nearly $102 million, led by previous investor 83North. That includes $24.4 million of venture debt.
The company said that its revenue grew 100% in 2021 from the previous year. Revenues of subsidiary Bookiply now accounts for more than half of HolidU revenues, having grown 13-fold from 2019 to 2022.
Bookiply is meant to help single property owners generate more bookings. The number of homes managed through Bookiply has grown from 5,000 to nearly 20,000 over the past three years. Bookiply acquired two other German travel software companies earlier this year: Lohospo and my.IRS.
The funding will be used to accelerate Holidu
