Barcelona-based vacation rental software start up Lodgify has raised €1.4 million.
The investment brings total funding in the business up to €2 million and will help accelerate product development as well as expand its sales and marketing efforts.
The fresh financing round led by Nauta Capital. Existing investors Chris Hitchen, Howzat Partners and Roland Zeller also participated in the round.
Lodgify offers browser-based software enabling holiday rental businesses to build their own branded website, accept online bookings and process payments.
Users can also manage reservations, guest communications and booking channels from one place.
Co-founder, Dennis Klett, said: “We’re helping vacation rental owners generate more direct bookings via their personal website in light of high commissions charged by online travel agencies.
“Further, it allows owners to offer travellers a better price when booked directly, without the typical traveller fee added by major listing sites.”
“We believe that our technology can tremendously help vacation rental owners in marketing and managing their business more successfully, efficiently and independently.
“This funding will enable us to continue innovating and build on our rapid growth.”
Jordi Viñas, general partner at Nauta Capital, said: “We admire Lodgify’s engineering-driven culture and focus on product innovation.
“They have managed to build a powerful solution in a fast growing industry that has traditionally focused solely on the traveller.
“We are excited to partner with such an extraordinary team and support them as they work to build a great company.”