Apaleo closes financing round

The cloud provider for the hotel industry was able to raise 4.5 million euros - despite the coronavirus crisis.

Although vacations in hotels in Germany are currently not possible, the software provider for hotels and serviced apartments was able to raise 4.5 million euros in a financing round. The VC Force Over Mass from London led the round. Redalpine from Zurich and Bayern Kapital from Munich also contributed money.

Apaleo's open software platform is designed to make work easier for hotel operators. It can be used to set up their own booking website or a guest app, for example. According to the start-up, hotels or hotel groups as users can seamlessly assemble their technology landscape on the Apaleo platform. New members can also get help from the Apaleo community, which consists of app partners, hoteliers, software developers and industry representatives.

"We are proud that Apaleo continues to grow despite the worst crisis our industry has ever experienced. Having three renowned investors on board enables us to further develop our disruptive platform," says Martin Reichenbach, Co-Founder and COO of Apaleo. The start-up will use the funding to improve the platform and further expand its community.