Travel startup bags €37 million

 In News, Start-Up, Tourism

Holidu, a company operating in the holiday homes segment, has announced that it has secured €37 million in capital.

At the last D Series investment round led by 83North with the participation of existing investors Prime Ventures, EQT Ventures, Copario, Senovo, Kees Koolen, Lios Ventures and Chris Hitchen. Claret Capital (formerly Harbert European Growth Capital) also took part.
The new investment raises the company’s total financing to over €100 million since it was founded.
The company’s mission is to make looking for and booking holiday homes easier. The idea arose when brothers Johannes and Michael Siebers were in Portugal and looking for a house on the beach to rent.
After spending several days looking for a property to rent for the best possible price, they asked themselves why there was such a huge discrepancy in prices. So they then began to develop the platform Holidu which today is active in 21 countries with its search engine combining over 15 million holiday accommodation offers from around 1000 holiday destinations with property managers.
Under the brand Bookiply and with an office in Faro, the company also helps the property owners to get bookings with less effort through a service software solution.
Despite the Covid-19 pandemic having hit the travel and guest house sectors hard, the company says that in 2020 Holidu revenues grew substantially compared to 2019.
Furthermore, its business became more profitable operationally, In July 2020 alone, more than 27 million travellers used the Holidu platform, making it one of the largest platforms for holiday lets in the world.
Furthermore, Bookiply significantly expanded its holiday home owner client base becomes the largest supplier of holiday homes to let in certain destinations such as the Balearic and Canary Islands and Sardinia.
This new round of financing will enable Holidu to further accelerate the profitable growth of its search engine and further develop its holiday home rental business software with Bookiply.
The company also hopes to increase and improve its technology and invest in new partnerships and acquire offer to meet growing traveller demand. To offer the best possible service to regional property owners the company is opening more Bookiply offices all over Europe.