The Hotels Network closes a €10m round of funding
13/07/2020
Diego Gutiérrez
The Hotels Network closes a €10m round of funding

The startup Spanish The Hotels Network (THN), which specialises in software for the hospitality industry, has closed a €10 million financing round.

The operation has been led by the French private equity fund Elaiainvestor in companies such as Criteo and Sigfox.

In addition, the round has counted with the participation of the Spanish funds Seaya Ventures and Seedrocket 4Founders.

On the startup

The Hotels Network closes a ¤10 million round of funding

Founded in 2015 and headquartered in Barcelona, THN has become the leader in a new category of hotel technology, the growth of the hotel direct channel.

Pioneers in the use of Predictive Personalisation in the hospitality industry, THN's technology leverages personalisation techniques and machine learningThis allows hotels to offer their guests a fully personalised online experience.

Already more than 5,000 hotels in 96 countries use THN's platform to grow their direct bookings.

Esta rápida expansión demuestra la efectividad de tener un producto innovador que realmente aporta valor a los clientes. Entre sus clientes destacan marcas hoteleras líderes como One&Only, Minor Hotels and Barceló Hotel Group.

This is its third round in 5 years

Since its founding in 2015, THN has raised almost 14 million euros to date. That same year, it closed its first small funding round of $250,000 (around €220,000), which was backed by the US fund NFX. In 2018, it raised $3.7 million in a deal led by Seaya Ventures with the participation of SeedRocket 4Founders.

After the great success of the first years, in June 2020, in the midst of the Covid-19 crisis and with the tourism sector practically at a standstill, it announced its third round of financing, raising funds of around 10 million euros.  

According to Juanjo Rodriguez, CEO of THN, "we will use these resources to build unique and innovative products, which hotels need in this new context, and help the industry to recover as much as possible".

▶ You may be interested in: Byhours: hotel booking platform.

Lastest news

Latest transactions in the Cybersecurity sector

El sector de la ciberseguridad ha sido testigo de una importante oleada de adquisiciones estratégicas en los últimos meses, a medida que las empresas tratan de ampliar sus capacidades y hacer frente a la creciente demanda de una sólida protección digital. Cinco...

Latest transactions in the Consumer Software sector

El sector del Consumer software ha experimentado recientemente una dinámica oleada de adquisiciones que pone de relieve su evolución hacia la mejora de la participación de los usuarios y la ampliación de los servicios digitales. Entre las operaciones más destacadas...

Latest transactions in the Industrial Tech sector

El sector de la tecnología industrial ha sido testigo de una oleada de transacciones estratégicas en los últimos meses, señal de una rápida evolución y expansión. Entre las operaciones más destacadas, Bosch Energy and Building Solutions adquirió DMS Ettlingen para...

Do you want to sell or buy a company?

We are experts in M&A transactions in the technology sector.

Subscribe to our newsletter

Request for information

If you want to buy or sell a company, or need more information about our services, do not hesitate to contact us through the form.

Or if you prefer, call us at:

+34 946 42 41 42