2 million € for happyhotel

Offenburg-based startup happyhotel receives €2 million investment to help hotels automate price management with its cloud-based AI software.

Offenburg - Offenburg-based technology startup happyhotel is receiving a substantial cash injection. In a seed round, start-up BW Innovation Fonds, seed + speed Ventures from Carsten Maschmeyer and the family office Wecken & Cie have invested 2 million euros. In addition, the young company is supported by experienced business angels, including personalities such as Swen Laempe from vioma GmbH and Marco Beicht from Powercloud.

SaaS solutions for the hotel industry

The cloud-based revenue management software from happyhotel is gaining acceptance in the D/A/CH region. It offers a user-friendly solution for hotels, apartments and small hotel chains. The software is based on artificial intelligence (AI) and helps hoteliers increase revenue by automating price management. The startup was founded in October 2019 by Marius Müller, Sebastian Kuhnhardt and Rafael Weißmüller and is based in the Offenburg Technology Park.

With the fresh capital, the company plans to further develop its software-as-a-service product and invest in sales and internationalization. More than 60 employees are to be hired by the end of 2024 to support growth. The investments will also be used to further improve the product through the use of AI. The goal of happyhotel is to automate hotel sales processes and incorporate additional data into the system to optimize marketing and sales decisions. In addition to the existing DACH market, the company plans to expand into other countries and markets.