Vacation rental technology specialist BookingPal has raised $12 million in funding.
The round was led by Valor Capital Group with Altabix and a “new strategic investor” also participating.
Existing investors Amadeus Ventures, PAR Capital Management, Plug and Play Ventures and Thayer Ventures were also involved in the round.
U.S.-based BookingPal now has over $20 million raised since its foundation in 2013.
The investment will go towards geographic expansion as well as the development of the company’s “advanced distribution technology and intelligent automation tools” according to a statement.
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BookingPal founder and chief executive Alex Aydin says: “Our growth is directly the result of the success our vacation rental property managers are experiencing.
"Our strong focus on continuously enhancing our technology and services and delivering results for our clients is paying off."
The company received $5 million in a Series B round led by Thayer in early-2015. A further two undlsclosed rounds came in 2016 and 2017 bringing the company’s total at the time to $10.