H2O Hospitality Raises $30 Million for Lodging Tech: Travel Startup Funding This Week
Photo Credit: A guest room at a high-end resort in Jeongseon, South Korea, that has adopted H2O Hospitality’s software. H2O Hospitality
Skift Take
H2O Hospitality is a Korean startup that gained traction in Japan and now plans to offer its hotel and vacation rental management services in other markets. If you can make it in Osaka, you can make it anywhere.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.This week, travel startups announced more than $46 million in funding.
>>H2O Hospitality, a company that manages travel accommodation on behalf of owners, has raised approximately $30 million (about 34 billion Korean won) in a Series C round.
Kakao Investment and the state-run Korea Development Bank led the round. Other investors include Gorilla PE, Intervest, NICE Investment, and the Kejora-Intervest Growth Fund.
The startup confirmed it had raised "more than $45 million" since its founding in 2015.
H2O, based in Seoul, South Korea, offers its property management service usually on a white-label basis. It presently runs about 7,500 accommodations in Tokyo, Osaka, Seoul, Busan, and Bangkok. But it has bigger dreams. Earlier this year, it acquired the contactless hotel solution company ImGate and a local startup serving the creator economy called Replace.
The company claims it can slash fixed costs
