Hotel Engine Raises $16 Million for Business Travel Booking: Travel Startup Funding This Week
Photo Credit: A whiteboarding scene from the new Denver headquarters of Hotel Engine, a startup that offers online lodging management for businesses. Hotel Engine has raised $16 million in Series A funding. Hotel Engine
Skift Take
The funding of business travel management startup Hotel Engine underscores how there's a lot of money and energy pouring into the sector.
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 $23 million in funding.
>>Hotel Engine, which offers online lodging management for businesses, has raised $16 million in Series A funding.
Telescope Partners led the round, which placed a more than $150 million valuation on the startup.
The Denver-based travel tech company, founded four years ago, is similar to well-funded startups like TripActions and TravelPerk. It offers hotel reservation and management solutions for the booking of more than 200,000 hotels. It has processed more than a million room nights,
