HQ plus, a Berlin, Germany-based developer of an online competition monitoring tool for hotels, raised its first round of funding from High-Tech Gruenderfonds.
The amount of the deal was not disclosed.
The company intends to use the funds for product development and sales expansion.
Founded in 2012 by CEO Roland Hehn, HQ plus develops and markets a web application that monitors the prices of a competitors for a hotel, aggregates them and provides the sales staff with detailed recommendations for action to adjust room rates based on price changes in the local competition and market anomalies.
Customers include The Ramada Hotel & Suites Vienna, CityClass Hotels and Sacher Hotels, among others in the DACH region.
The software can be tested free of charge at: http://www.hqplus.eu/trial
FinSMEs
24/05/2013