BookingPal ends latest funding round with $12M to boost expansion

Vacation proptech BookingPal has recently ended a funding round with $12 million

Valor Capital Group led the funding round for BookingPal, and Altabix, along with a new strategic investor, and  included Amadeus Ventures, PAR Capital Management, Plug and Play Ventures, and Thayer Ventures. BookingPal has since raised more than $20 million since it was founded in 2013.

BookingPal provides a global distribution system and a centralized booking platform for vacation rental properties. It allows owners/managers of vacation rental properties, timeshare resorts, campgrounds and RV parks worldwide to increase their online presence and number of bookings.

BookingPal plans on using the capital to expand outside of its current market in the US. The vacation rental technology provider will also use the funding to speed up development of its advanced distribution technology and AI tools that have already shown to be popular among its thousands of vacation rental managers and property owners. The tech is used to increase the amount booked and optimize operations.

“We are excited to partner with BookingPal and look forward to supporting the company’s market-leading position serving vacation property managers and owners.” Said Antoine Colaco, General partner of Valor Capital Group.

“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” stated Alex Aydin, BookingPal, Founder and CEO.

SOURCE BookingPal
Edited by V. Haviland

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