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telescopepartners.com

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Investments

6

Portfolio Exits

3

Funds

3

About Telescope Partners

Telescope Partners aims to invest in tech companies and entrepreneurs building long-term sustainable businesses.

Telescope Partners Headquarter Location

1161 Mission Street Suite 526

San Francisco, California, 94103,

United States

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Latest Telescope Partners News

Hotel Engine Raises $65 Million at $1.3 Billion Valuation to Grow Customer Base and Lodging Partnerships

Dec 3, 2021

Telescope Partners leads Series B round, catapulting travel tech company to unicorn status DENVER, December 2, 2021-- Hotel Engine, the world's largest Lodging Performance Network, today announced it has secured $65 million in Series B funding. Existing investor Telescope Partners led the round with participation from funds managed by Blackstone. The investment values Hotel Engine at $1.3 billion, nearly 9 times higher than the Series A just two years ago. In 2019, Hotel Engine raised $16 million in funding with over a $150 million valuation. "The new and exponentially higher valuation is an exciting milestone for all of us at Hotel Engine, and it's just the beginning," said Elia Wallen, founder and CEO of Hotel Engine. "This capital infusion will allow us to innovate faster, grow our global network of lodging partners, and add more world-class talent to our team." San Francisco-based Telescope Partners led Hotel Engine's Series A and also serves as the lead investor in this round. Joining Telescope is Blackstone, a leading global investor and new partner for Hotel Engine. Telescope's Managing Partner and Founder, Mickey Arabelovic, serves as a member of Hotel Engine's Board of Directors. "Since our investment in late 2019, we've worked closely with Elia and the Hotel Engine team, and are consistently impressed by their passion, tenacity and singular focus on business lodging," said Arabelovic. "There is no other company that delivers a friction-less, easy-to-use solution for travelers, and they're just getting started. We're thrilled to be able to strengthen our partnership, and excited by the opportunities ahead for Hotel Engine." Amid a global pandemic that has stretched nearly two years, Hotel Engine has sustained an incredible growth trajectory, breaking company records monthly. Even more impressive, the company is profitable, a notable distinction in the world of hyper-growth, tech companies. "We know the world of travel is changing, and so are the priorities of businesses and their travelers. We're excited for the opportunity to help shape this industry's evolution," said Wallen. About Hotel Engine Hotel Engine is the world's largest Lodging Performance Network, established to create a richer, more rewarding business travel experience by connecting a global network of businesses and lodging partners. The collective power of the network delivers significant savings, convenience and choice to business travelers, while driving significant and differentiated business to lodging partners. Hotel Engine is trusted by 550,000+ individual members across 40,000+ businesses and 700,000 hotels in 185+ countries. To learn more, visit www.hotelengine.com or follow Hotel Engine on LinkedIn, Facebook or Twitter. Interested in using Hotel Engine to streamline your business lodging? Visit hotelengine.com/sign-up Contact:

Telescope Partners Investments

6 Investments

Telescope Partners has made 6 investments. Their latest investment was in Hotel Engine as part of their Series B on December 12, 2021.

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Telescope Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/2/2021

Series B

Hotel Engine

$65M

No

5

8/24/2021

Series A

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$99M

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10

9/30/2019

Series A

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$99M

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10

9/5/2019

Series A

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$99M

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10

6/12/2018

Series A

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$99M

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10

Date

12/2/2021

8/24/2021

9/30/2019

9/5/2019

6/12/2018

Round

Series B

Series A

Series A

Series A

Series A

Company

Hotel Engine

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Amount

$65M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

5

10

10

10

10

Telescope Partners Portfolio Exits

3 Portfolio Exits

Telescope Partners has 3 portfolio exits. Their latest portfolio exit was Topbox on January 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/4/2021

Acquired

9

00/00/0000

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$991

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10

00/00/0000

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10

Date

1/4/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

9

10

10

Telescope Partners Fund History

3 Fund Histories

Telescope Partners has 3 funds, including TelescopePartners Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/12/2020

TelescopePartners Fund II

2

7/2/2018

TelescopePartners Fund I

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$99M

10

7/2/2018

Telescope Partners SP I

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$99M

10

Closing Date

6/12/2020

7/2/2018

7/2/2018

Fund

TelescopePartners Fund II

TelescopePartners Fund I

Telescope Partners SP I

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$99M

$99M

Sources

2

10

10

Telescope Partners Team

1 Team Member

Telescope Partners has 1 team member, including current Founder, Mickey Arabelovic.

Name

Work History

Title

Status

Mickey Arabelovic

Founder

Current

Name

Mickey Arabelovic

Work History

Title

Founder

Status

Current

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