NUMA raises $45m in growth financing round
Germany: NUMA Group, a hotel operator and technology developer, has raised $45 million growth capital in a new funding round led by DN Capital.
NUMA operates more than 2,500 units across European cities, including Barcelona, Berlin, Madrid, Milan, Munich, Rome and Vienna.
The group partners with investors, property owners, developers and operators to create technology-based solutions. NUMA claims to increase profits by up to 40 per cent through automated processes such as intelligent pricing.
In 2021, the company expanded into Spain, Italy, Austria and the Czech Republic.
DN Capital, the new lead investor of NUMA Group, has previously backed Auto1, HomeToGo, and Shazam. Co-leading the investment is Headline, with participation from Cherry Ventures, Soravia, Kreos Capital, TruVenturo, and Scope Hanson.
Nenad Marovac, founder and managing partner of DN Capital Group, said: “We are very impressed by NUMA’s strategy, performance and its consistent expansion in a very challenging market environment. The team has consistently achieved high occupancy rates and sustainable profitability of its units despite corona.
“NUMA’s business model offers an attractive risk-reward profile for real estate partners, operators – and, most importantly, a completely new travel experience for modern travellers. We believe NUMA’s disruption technology will fundamentally change the hotel industry,” added Marovac.
Christian Gaiser, co-founder and CEO of NUMA Group, said: “Our clear goal is to establish NUMA as the dominant technology and creative solution provider for a completely new generation of hotels in Europe. [We] used the pandemic to prove the resilience of [our] business model. We achieved 500 per cent revenue growth and 85 per cent booking occupancy despite corona using our concept and proprietary technology.
“We will use the fresh capital to offer even more NUMA hotel rooms and expand our technological lead across Europe rapidly – we will also expand the NUMA Go business unit,” Gaiser added.
Formerly called Cosi Group, NUMA raised €20 million in March last year to help support the company’s growth across Europe.
Philipp Rohweder, director of real estate at NUMA, is joining the Serviced Apartment News webinar on Thursday 17 February, discussing “The investment landscape” for serviced apartments, aparthotels and extended stay hotels. Sign up for the no-cost session at this link.