Groupize, a Boston, MA-based platform to automate the group hotel reservations process for both travel planners and hotels, raised $2m in Series A financing.
The round was led by Golden Seeds, with participation from Launchpad Venture Group. In conjunction with the funding, Gail Hoffman, Golden Seeds Managing Director, is joining Groupize’s Board of Directors.
The company, which originally raised seed capital from travel industry leaders Gregg Brockway, Scott Hintz, Andy Denmark, Mike Fuller and others, plans to use the funds to expand the technology modules, launch additional hotel partnerships, introduce its retail B2B division, and start providing its white label engine and dedicated contact center to assist organizers of business trips, meetings, reunions, weddings, girl’s weekend getaways, family vacations and sport trips manage their trip.
Founded in 2010 and led by Charles de Gaspe Beaubien, CEO, Groupize has developed an automated booking engine that allows group planners to shop and book group-friendly hotels with no burdens such as individual credit card payments, name changes, cancellations, deviations and upgrades.
The technology is available to hotel chains via a licensing model, and to major web sites via a revenue share model.
FinSMEs
10/07/2013