HotelOnline has received an undisclosed investment from South Korean travel tech platform Yanolja Cloud.
HotelOnline, which launched in 2014, helps properties across Africa and the Middle East to transact online and provides distribution and digital marketing services.
Endre Opdal, the company’s co-founder and CEO, describes the investment as a “game-changing moment.”
“With our operations back in break-even after the COVID crisis, this investment puts us in a unique position to scale and expand aggressively, strengthen our position in current markets and expand our operations into more target countries.”
HotelOnline says it has helped more than 5000 hotels across 27 African countries through its technology.
Jongyoon Kim, CEO of Yanolja Cloud, says: “We decided this investment, considering the synergy of two companies proved from the previous partnership with HotelOnline. As an AI-based SaaS (space as a service) company that offers the solutions for the spaces, we won’t stop cooperating for the digital transformation of African space (spatial) business including hospitality through marketing-leading AI and cloud technology.”
Yanolja Cloud is part of travel platform Yanolja which received a $1.7 billion investment from SoftBank in July 2021.