Apaleo's platform is transforming the hospitality industry
We are thrilled to announce our follow-on investment in open hospitality platform Apaleo, as it extends its Series A funding round to €9 million. Leading the round are growth funds Rockaway Ventures and Serpentine Ventures, joining several high-profile angel investors from the hospitality industry. As a returning investor, we are delighted to see the significant progress that Apaleo has made since we led its Seed round in 2018 and to double-down on our commitment to empowering this game changer.
Apaleo's mission is to revolutionize the hospitality industry by empowering hotel and serviced apartment groups with an API-first, open property management platform that can easily adapt to evolving guest and staff expectations. Founded in Munich in 2017, the platform was built around the core belief that hospitality software should be flexible and constantly evolve to meet the changing demands of the industry. As such, Apaleo opens up new ways for hospitality groups to create unique digital experiences while streamlining their operations, aiding with labor shortages and cutting energy costs.
With over 100% year-to-year growth in ARR, Apaleo has demonstrated the potential for its platform to transform the hospitality industry. We are incredibly proud to support the team throughout their growth and to help them attract a growing customer list of forward-thinking hotel groups across 15 countries, including Mollie's by Soho House, mk hotels, numa, Limehome, and Vagabond Club.
Martin Reichenbach, CEO and co-founder of Apaleo, said: "Apaleo is exactly what hotel groups and alternative accommodation providers have been demanding for a long time: a true platform approach to design their preferred tech stack. 2022 has provided tremendous signals that the industry is ready and hungry for transformation. This new funding will allow us to pursue our mission since the birth of Apaleo: give every hospitality business the freedom to create its vision. We will continue to provide the core while our forward-thinking community will help hospitality companies to innovate.”
With the support of this funding round, Apaleo will continue to consolidate its market-leading position in Germany and accelerate its penetration within hotel and serviced apartment groups across Europe.
For more information, please visit Apaleo’s website: https://apaleo.com/de