German revenue management software provider Happyhotel has raised €6.5 million in Series A funding.
The round was led by Reimann Investors, with participation from existing partners Wecken & Cie, Seed + Speed Ventures and MBG Baden-Württemberg.
Happyhotel said the fresh capital will fuel its expansion across Europe and allow it to invest in its autonomous commercial artificial intelligence (AI) agent.
“We are not building our system for the revenue manager—we are automating the tasks of a revenue manager,” said Rafael Weißmüller, CEO of Happyhotel. “Our goal is to enable professional revenue management for every hotel and fully automate the selling of hotel rooms so hoteliers can focus entirely on their guests.”
Founded in 2019, Happyhotel offers revenue management software for independent hotels and hotel groups, operating in 12 countries across Europe.
“Happyhotel’s AI-powered solution is truly transforming how hotels operate. By evolving from a revenue management software into a full-scale AI agent, they are automating complex pricing and distribution tasks in real-time: a process that used to be a significant manual burden for many hoteliers,” Daniel Steffen, senior investment manager at Seed + Speed Ventures, wrote on LinkedIn.
“By combining cutting-edge artificial intelligence with human expertise, Happyhotel helps independent hotels and groups stay profitable and competitive despite rising costs and staff shortages.”
In 2023, Happyhotel raised €2 million in a seed round led by BW Innovation Fund.