Holidu receives 100 million euros in Series E round

The funding comes after two completed acquisitions in Germany.

In an oversubscribed Series E funding round led by venture capital firm 83North, Munich-based startup Holidu raised €100 million. Existing investors such as Prime Ventures and Coparion are joined by Northzone, HV Capital, Vintage Investment Partner and Commonfund Capital. 25 million euros also comes from a venture debt from Silicon Valley Bank and Claret Capital. The new capital will go toward new sites in Europe and product development.

Holidu is a booking platform for vacation homes founded in 2014 by brothers Johannes and Michael Siebers. Bookiply is also part of the company. This is a platform for hosts, where they can manage their offers across platforms (booking.com, Airbnb, Holidu) and also overview invoices and bookings centrally in one place. By its own account, Bookiply manages about 20,000 properties. After rapid growth, Bookiply accounts for about half of Holidu's total revenue. In Spain and Italy, the company says it is the market leader.

Now the Siebers brothers are also aiming for first place in the DACH region. "Little by little, we expanded with Bookiply in Europe and most recently strengthened ourselves in Germany and Europe by merging with Lohospo and TOMAS," says Johannes Siebers. Holidu acquired these two companies in September. Lohospo is a service company for hosts, Tomas is a destination management software. With the new capital, the platform now wants to expand further.