German tours and activities startup BookingKit has secured a Series B funding round understood to tally at around $4 million.
The software as a service solution (Saas) platform - which connects attractions providers with digital inventory and tools to manage bookings - will use the capital to grow its company and team across Germany, Austria and Switzerland.
HTGF, Intermedia Ventures and angel investor Robert Kabs led the round of funding, which closed in late summer 2017; in January 2018, Nuremberg-based media company Müller Medien was acquired as an additional investor.
Online bookable experiences are a “fast-growing and very exciting market to extend the benefits of traditional directories,” says Müller Medien CEO Michael Oschmann. “However, the challenge for operators is to develop solutions for delivering services to customers: Many small, local companies are still working entirely offline, and they’re missing out on the opportunity to be a part of this digital shift and generating revenue.
“This is precisely where BookingKit as an enabler complements the many initiatives of the corporate family in order to successfully digitalize small and medium-sized businesses at the backbone of the German economy.”
BookingKit, founded in Berlin in 2014, previously received seven digits in Series A funding in 2016. Last year, it won the EMEA Travel Innovator award at Phocuswright Europe.