Smartpricing, an Arco, Trento, Italy-based provider of hotel and apartment revenue management software, raised €13M in funding.
The round, comprising €11M in equity and €2M in bank credit lines, was led by Partech, with participation from Techshop’s Gianluca D’Agostino (lead investor of the 2022 seed round), Azimut Digitech Fund, supported by FNDX, and the founders of Bending Spoons.
The company intends to use the funds to expand its team, launch new products and further consolidate its position in the software and fintech vertical for the hospitality sector.
Founded in 2020 by Luca Rodella, Eugenio Bancaro and Tommaso Centonze, Smartpricing offers revenue management software for hotels which enables hoteliers to increase their turnover through technologies based on machine learning models. It uses a proprietary algorithm to processes various types of data, including those related to the market, saturation, price trends in a specific geographic area and the hotel’s history, to propose the best possible price to improve the performance of hospitality structures.
FinSMEs