‘Perfect team of investors’ supports SaaS-startup with its rapid growth
Amsterdam 22 August 2016 – Hotelchamp is raking in €1.75 million worth of investments. With this first round of funding, the Amsterdam-based SaaS-startup can continue its rapid growth and expand its client base. Hotelchamp helps hotels obtaining more bookings through their own websites. The seed investment comes from the founders along with a team of carefully selected angel investors, including a group of entrepreneurs from the hotel- and e-commerce-industry.
The smart technology of the Amsterdam startup personalizes hotel websites in real time based on visitor behaviour. Thanks to Hotelchamp, hotels are now capable of encouraging and convincing visitors to book a room directly. As a result, hotels will profit from significantly higher conversion rates. This offers advantages to both hotel and their guests explains CEO and founder Kristian Valk: “Hotels become less dependent on the large booking websites by using our software on their own websites. They will have direct contact with their hotel guests, which makes the entire booking process a lot more personal.”
Massive chains worldwide
Hotelchamp’s technology is already being used by hotels around the world. Most recently Millennium Hotels signed up to Hotelchamp. This hotel chain has 120 hotels in 79 different cities in Europe, Asia, the United States, the Middle East and New Zealand. Other chains and renowned names, like the Pallazzo Versace in Dubai, the Baros luxury Maldives Resort, Amber Hotels in Germany, as well as Bilderberg Hotels and WestCord Hotels in the Netherlands.
Popular with hotels
Hotels pay Hotelchamp a fixed amount each month to use its software. The amount depends on the number of rooms they have on offer. Hotels are not required to pay Hotelchamp any fees or commissions for bookings, like they have to do with the existing booking platforms. Growth numbers indicate this model proves to be successful with hotels. Currently, the Amsterdam Saas-startup’s turnover increases by 77% each month. Hotelchamp expects an eightfold increase in subscription fees this year.
Carefully selected angel investors
Hotelchamp carefully selected the angel investors they approached. Among these are several well-known internet entrepreneurs. Founding partner Investion Venture Capital brings specific expertise and experience in the field of startup acceleration, which helped Hotelchamp to realise its extreme growth in such a short amount of time.
Perfect team of investors
Valk: “We specifically went looking for a perfect team of investors, consisting of thoroughly experienced experts in fields such as hospitality, e-commerce, media and finance. The fact that we also have three investors from the hotel industry proves that Hotelchamp is catering to an urgent demand in the hospitality industry. Hotels want more control and more direct contact with their customers, and through our technology that has become possible”.
Hotelchamp was founded in Amsterdam in 2015 by Kasper Middelkoop and Kristian Valk. The rapidly growing company aspires to generate more direct bookings for hotels and to strengthen the relationship between hotels and their customers. In doing so, Hotelchamp is not just aiming to provide hotels with a better position in years to come, but it also intends to provide its end users with a better service at a fair price. The team has since expanded to 25 employees of 7 different nationalities. Hotelchamp has its headquarters in Amsterdam and also has offices in Berlin and Groningen.