Apaleo, a Munich, Germany-based provider of an open hospitality platform, raised a growth equity funding which brought its Series A round to €9M.
The round was led by Rockaway Ventures and Serpentine Ventures with participation from Redalpine, and Force Over Mass Capital.
The company intends to use the funds for product development plans and consolidation of its market-leading position in Germany while accelerating its penetration within hotel and serviced apartment groups across Europe.
Co-founded by CEO Martin Reichenbach and Uli Pillau, Apaleo provides a platform to manage hotel & serviced apartment chains. The API-first property management platform powers brands across more than 15 countries, Customers include numa, Mollie’s by Soho House, mk hotels, Zetter Hotels & co, Limehome, SV Group, HR Group, Vagabond Club, and Lindemann Hotels.
FinSMEs
03/03/2023