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BookingPal closes $12m funding round

Worldwide: BookingPal has raised $12 million in a funding round led by Valor Capital Group with participation from Altabix, in addition to an incoming strategic investor.

The round includes renewed participation of existing investors such as Amadeus Ventures, PAR Capital Management, Plug and Play Ventures and Thayer Ventures. As part of the investment, Antoine Colaco, general partner from Valor Capital Group, has also joined the company’s board.

BookingPal, a tech solutions provide for the vacation rental industry, will look to use the investment to expand into more geographic markets. The funding will accelerate the development of its advanced distribution technology and intelligent automation tools that have been utilised by a host of vacation rental managers and property owners to increase their booking volume and revenue, as well as simplify their guest acquisition operations.

Colaco said: “We are excited to partner with BookingPal and look forward to supporting the company’s market-leading position serving vacation property managers and owners.”

BookingPal CEO and founder, Alex Aydin, said: “Our growth is directly the result of the success our vacation rental property managers are experiencing. Our strong focus on continuously enhancing our technology and services and delivering results for our clients is paying off.”

For more information, visit the BookingPal website here.