Hotelmize team (company pic)
Hotelmize, an Israeli startup that offers tourism companies a platform to better buy and sell services, raised $12 million in a Series B funding round led by Flashpoint Venture Capital and with the participation of existing investors. The company has now raised $20 million to date.
Founded in 2016 by Dor Krubiner, Omry Litvak and Guy Levitan, Hotelmize offers a fully-automated solution the company says optimizes hotel wholesalers’profits from existing sales. Hotel booking has become a “battlefield,” explains the company, “an intensely competitive arena, with more and more companies fighting tooth and nail over shrinking profit margins. But there is an easier route to success.”
Hotelmize boasts that it presents the hotel booking industry’s “simplest – and extremely sophisticated – profit optimization solution.” This solution, they say, gives hotel resellers the strategic ability to enhance yield from existing sales by improving their industry-standard purchasing processes, while delivering exceptional added value and customer service. It utilizes big data technology and machine learning techniques to build state-of-the-art price prediction and efficiency algorithms, enabling our clients to maximize their profits.
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Flashpoint is an international investment group managing с. US$450m AuM with a focus on Western Tech Companies founded by ex-pats from Emerging Europe & Israel.
Hotelmize CEO Dor Krubiner said, “We are thrilled to have received this funding, which will allow us to continue our rapid growth, develop our optimization suite, and most importantly, enhance our partner’s business performance across the globe. We are grateful for the support of our investors, who share our vision for the future of the hotel booking industry, and we look forward to continuing to serve our partners and driving innovation in the hotel booking space. Lastly, I would like to extend a warm thank you to our talented and dedicated team who are the reason for Hotelmize’s continued success. Without such a creative, hardworking, and supportive group, this company would not be where it is today.
