Dutch startup BidRoom has raised €15 million in investment, as it looks to accelerate development of its members-only hotel booking service.
The names of the investors have not been disclosed.
The injection of funds follows a management shake-up in October this year, when co-founder Michael Ros stepped down as CEO to become chief operating officer and was replaced by Bas Tolmeijer, ex-managing director of Apollo Hotels.
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Fellow co-founder Casper Knieriem is still in place as chief development officer, whilst Francesco Monaco joined as chief commercial and John Stoffers named chief financial officer.
The funds will be used, the company says, to expand the business in other international markets. It also plans to expand the workforce to 200 over the course of the next year, as well as relocate to an office in the Polish city of Krakow.
The company, launched in 2014, allows members to book with over 120,000 hotels in 128 countries and, it claims, operates a different model to existing online travel agencies whereby hotels pay an annual fee to the company.
The online interface makes a large play on offering rates that are offered by other players such as Booking.com and Expedia, showing its competitor's prices alongside its own.
BidRoom previously raised €1 million in an investment round in June 2016.
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