Hotelverse, the disruptive company in the disintermediation of hotel sales through immersive experience, has closed its second round of funding for €1 million. This second round by the Spanish startup is part of the fund raising strategy that will be completed in early 2023 with a third round of €3 million.
The capital raised will be used to adapt the company’s commercial structure to the current demand and the scalability of the product after the growth of recent months. Hotelverse’s business scope has grown by 500% since its inception, currently working with 150 hotels and aiming to grow to 1,500 hotels by 2023.
Sabadell Venture Capital, real estate investment firm Stoneweg, Aurelio Vázquez (HIP) and Raúl González (Barceló Group) are among the investors in the deal.
In March 2022, Hotelverse raised the first funding round of €1 million, also advised by Andersen, to accelerate the deployment of its technology; which was supported by Grupo Iberostar, venture capital firm Archipelago Next, the family offices of Areyhold and Toni Nadal and Mexican entrepreneur Braulio Arsuaga. In this new round, Hotelverse adds new investors such as Aurelio Vázquez, Senior Director Asset Management at Hotel Investment Partners (HIP), Raúl González, Chief Executive Officer EMEA at Barcelo Group, Sabadell Venture Capital, Venture Capital (VC) division of Banco Sabadell and the real estate investment firm Stoneweg.
“We are very pleased with the growth of the company. In less than six months, we have managed to consolidate a team of 40 employees and we expect to double its size by the end of the year” says Fermín Carmona, co-founder and CEO of Hotelverse.
Javier Bustillo, partner in Andersen´s Corporate and M&A practice, led the advice on this deal, along with associate Cintia García, from the same department.
