The company plans to use the funding to drive European expansion and expand its product line. Here are the top-line bullets you need to know.
Amenitiz, a property management platform for hoteliers, has raised $30M in a Series A. The round drew participation from Backed VC, Eight Roads Ventures, and Point Nine Capital, among others.
Want to learn more about VC activity in 2022? Check out our State of Venture Q1’22 Report.
HOW’S THE COMPANY PERFORMING?
- Spain-based Amenitiz offers a property management system, channel manager, booking engine, website builder, and payment tools for independent hoteliers and vacation rental owners.
- Its platform has grown 133% since November 2021, supporting over 4K properties across 37 countries at present.
- The startup is supported by a team of 150 employees, up from 30 at the end of 2020.
- Amenitiz is headquartered in Barcelona, Spain.
Source: Amenitiz
WHY DOES THE MARKET MATTER?
- The global hotel and hospitality management software market is expected to reach a value of $4.9B by 2027, growing at a CAGR of 5.1%, according to ReportBuyer.
- Tourism levels are back on the rise after dropping amid the pandemic, which has led hotels to adopt new technologies to facilitate smoother operations.
