Apaleo closes financing round

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

Although holidays in hotels are currently not possible in Germany, the software provider for hotels and serviced apartments was able to raise €4.5 million in a funding round. The VC Force Over Mass from London leads the round. Redalpine from Zurich and Bayern Kapital from Munich also added money.

Apaleo's open software platform is intended to make work easier for hotel operators. With it, for example, an own booking website or a guest app can be set up. Hotels or hotel groups as users could put together their technology landscape seamlessly on the Apaleo platform, according to the start-up. New members could also get help from Apaleo's community of app partners, hoteliers, software developers and industry representatives.

"We are proud that Apaleo is growing steadily despite the worst crisis our industry has ever seen. Having three renowned investors on board allows us to further develop our disruptive platform," said Martin Reichenbach, co-founder and COO of Apaleo. He added that the start-up will use the funding to improve the platform and further expand its community.