Beonprice, a specialist in hotel revenue management technology, has raised €2M in Series A funding.
Investment for the Spain-based company was led by Adara Ventures, with CDTI, a public organization focused on technology development in Spain, also involved.
Beonprice has raised more than €6 million to date - the latest funding coming on top of €2.5 million announced in early 2020, also led by Adara Ventures.
The company plans to use the funding to further develop its revenue technology as well as boost its teams to speed up expansion in Europe and Latin America.
Our goal is to lead the hospitality sector with the most complete RMS in the market thanks to a proprietary algorithm that combines the most accurate data in the market using Artificial Intelligence and Deep learning,” says Rubén Sánchez, co-founder and CEO of Beonprice.
Beonprice says it expects to double its customer base in the next two years as hoteliers look to technology to help improve distribution and boost bookings.