apaleo, a Munich, Germany-based provider of a property management system for hotels, raised funding from Redalpine Venture Partners.
The amount of the deal was not disclosed.
The company will use the funds to expand operations.
Founded in 2017, apaleo provides a cloud-based open management platform for hospitality companies to manage their multiple properties, connect their apps, and run their daily operations. Third party apps can be plugged in to the system through a public, two-way API, giving hotels the freedom to customize their software stack with their favorite apps. Hotels can find and test new applications through the apaleo Store.
The company has already onboarded a number of hotels and hotel groups across several European countries.