We recently helped our client Lodgify close their new €1.4 M funding round with Nauta Capital and other existing investors including Chris Hitchen, HOWZAT Partners and Roland Zeller. Lodgify has raised a total of €2 M to date to help rental owners and property managers generate more direct bookings and become less dependent on online travel agencies like Airbnb. Lodgify provides website builder software to enable vacation rental owners to build their own branded websites.
In a recent interview with TechCrunch, Dennis Klett, CEO & Co-founder, Lodgify, said the problem is that most vacation rental owners do not have a bookable website, even though 92 percent of travellers prefer to book a vacation rental online. Klett adds this results in 9-10 days of email ping pong before a booking actually takes place and payment is received.
Lodgify addresses this problem by offering a Software-as-a-Service to let vacation rental owners to easily create their own mobile friendly website, including the ability to accept online bookings and process payments.
Klett says the new investment will let them focus on chatbots which offer another way to cut out the middle person and generate more direct bookings.