Hotelmize, a startup that optimizes profit for bed banks, wholesalers and travel agents, has raised $3.8 million in Series A funding.
Investible led the round for U.K.-based Hotelmize, which says it tracks and predicts price fluctuations through artificial intelligence.
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The startup says it treats hotel rooms like commodities to help hotel resellers increase their profitability.
Hotelmize also provides business intelligence and a revenue management system to customers.
The funding is earmarked for improving product and data insight and will also go towards opening local offices.
The startup, which has a team of 15, says it has more than 20 clients in eight countries.