Holidu, the leading technology company in the vacation rental sector (www.holidu.es), has announced a new round of financing for an extra 37 million euros of capital. This Series D is led by 83North. It has the participation of existing investors such as Prime Ventures, EQT ventures, Coparion, Senovo, Kees Koolen, Lios Ventures and Chris Hitchen. In addition, Claret Capital (formerly Harbert European Growth Capital) has also participated with equity and debt. The new investment brings the total financing of the company to more than 100 million euros since its foundation.
The mission of the company is to facilitate the search and reservation of vacation rentals. Holidu, thanks to its search engine, has managed to be present in 21 countries. In this way, it offers 15 million vacation rentals from more than a thousand different travel websites and property managers. Under the Bookiply brand, the company also helps vacation rental owners get more bookings with less effort through an innovative software and service solution.
Although the COVID-19 pandemic particularly affected the tourism sector, in 2020 Holidu’s revenues grew substantially compared to 2019. In addition, its business became profitable for the first time. In July 2020 alone, more than 27 million travelers used the Holidu website, making it one of the largest vacation rental platforms in the world. Spain being the most requested holiday destination in the world on the platform. Similarly, Bookiply significantly expanded the number of vacation rental owners joining the platform. Thus, it has become the largest provider of vacation rentals in major tourist destinations such as the Balearic Islands, the Canary Islands and Andalusia.
Speed up the vacation rental search engine
The new funding will allow Holidu to further accelerate the profitable growth of the vacation rental search engine. As well as the rapid expansion of your vacation rental management software, Bookiply. The company plans to duplicate its technology organization and invest in new partnerships to acquire the offering. In order to better meet the increased demand for vacation rentals by travelers. Also to offer the best possible service to regional vacation rental owners, the company is opening more Bookiply offices throughout Europe, for example a new office in Malaga. In addition to already having consolidated offices in the Balearic and Canary Islands.
The desire to travel again is enormous and vacation rentals are the perfect ally for tourists who want to travel. Despite the restrictions still in place, our reserves in 2021 are already significantly higher than the pre-pandemic levels of 2019 and we expect demand to skyrocket this summer. With Bookiply we have become the number one provider of vacation rentals in various regions. Thanks to our regional focus and the improvement of more technologically optimized processes, we are able to attract and incorporate new vacation rental owners with an adaptation process far superior to that of the competition. This round of funding is a testament to how far we have come in that regard, and how many opportunities we still have ahead of us.
Johannes Siebers, CEO and Co-Founder of Holidu.
The vacation rental market is very competitive and Holidu’s growth throughout the pandemic has been very impressive. We are drawn to its strong operational efficiency and its proven ability to grow market-to-market. As early sponsors of global category leaders like Wolt, Mirakl and JustEat, we believe Holidu and Bookiply can build a similar position in the vacation rental market. We look forward to the road ahead and I am glad to be on your board of directors.
Laurel Bowden, 83North Partner.