{"id":12711,"date":"2024-11-27T05:20:02","date_gmt":"2024-11-27T05:20:02","guid":{"rendered":"https:\/\/hotelmagazine.co.uk\/?p=12711"},"modified":"2024-11-27T05:20:12","modified_gmt":"2024-11-27T05:20:12","slug":"apaleo-raises-e20-million-in-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/hotelmagazine.co.uk\/index.php\/2024\/11\/27\/apaleo-raises-e20-million-in-series-b-funding-round\/","title":{"rendered":"Apaleo Raises \u20ac20 Million in Series B Funding Round"},"content":{"rendered":"\t\t
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Apaleo Secures \u20ac20 Million for Growth<\/h2>

An API-first open property management platform<\/a> Apaleo has secured \u20ac20 million in a Series B funding round aimed at fueling its growth.<\/p>

The investment round was spearheaded by PSG Equity, a growth equity firm, with contributions from existing investors including Redalpine, FOMCAP IV, and Rockaway Ventures.<\/p>

This funding will empower Apaleo to expedite its international outreach, attract top talent, and advance the development of its robust platform. The company is setting its sights on enhancing its presence not only in Europe but across the globe.<\/p>

Furthermore, Apaleo plans to utilize this capital to broaden its influence in the accommodation and serviced living sectors, targeting hotel chains, resorts, student housing, short-term rentals, camping, senior living, and various other accommodation verticals.<\/p>

Expanding Portfolio and Clientele<\/h3>

Apaleo’s clientele now consists of over 1,700 properties across more than 30 countries, managing upwards of 85,000 units. Notable clients include global hotel brands like citizenM, easyHotel, and Falkensteiner Hotels & Residences, as well as serviced apartment providers such as NUMA<\/a>, limehome<\/a>, and iLive, in addition to boutique chains like Miiro Hotels and Korner Hotels, both in France and internationally.<\/p>

API-First Model for Customization<\/h3>

Apaleo’s API-first approach enables its customers to integrate with over 250 applications, allowing accommodation providers to craft tailored technology stacks that meet their specific requirements. Supported by its MACH (Microservices-based, API-first, Cloud-native, Headless) architecture, Apaleo strives to offer the scalability and flexibility necessary to adapt technology solutions to diverse business models.<\/p>

Uli Pillau, founder and CEO of Apaleo, stated: \u201cThe hospitality industry is undergoing a transformative shift, with accommodation providers of all types and sizes demanding more flexible and adaptable technology solutions. We\u2019ve seen a growing demand for platforms that not only fit different and diverse business models, but also spark innovation and agility.”<\/p><\/blockquote>

\u201cLegacy all-in-one property management systems have long imposed limitations, locking businesses into rigid frameworks that stifle growth and creativity.”<\/p>

\u201cApaleo was conceived as a direct response to these challenges. Our multi-property management platform is designed to be inherently adaptable and scalable, allowing any accommodation business, regardless of technical capabilities, to build a custom tech stack that aligns seamlessly with their unique needs.”<\/p><\/blockquote>

\u201cThis approach enhances not just individual businesses, but elevates the industry as a whole by fostering innovation and the creation of specialized applications customized for specific business needs.”<\/p>

\u201cPartnering with PSG is a major milestone for Apaleo. This investment is a strong vote of confidence in our vision to break free from outdated systems and empower businesses to create bespoke tech solutions that truly reflect their unique needs,\u201d he added.<\/p><\/blockquote>

Support from PSG Equity<\/h3>

Edward Hughes, managing director at PSG Equity, commented: \u201cApaleo\u2019s commitment to an API-first approach truly differentiates it in the competitive landscape. As the hospitality industry advances technologically, Apaleo\u2019s agile, top-tier platform is ideally suited to meet the changing needs of accommodation providers around the world.”<\/p>

\u201cPSG is excited to support Apaleo\u2019s international expansion and apply our expertise to help the team scale effectively in key global markets,\u201d he concluded.<\/p><\/blockquote>

For further information, please visit our Source <\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Apaleo Secures \u20ac20 Million for Growth An API-first open property management platform Apaleo has secured \u20ac20 million in a Series B funding round aimed at fueling its growth. The investment round was spearheaded by PSG Equity, a growth equity firm, with contributions from existing investors including Redalpine, FOMCAP IV, and Rockaway Ventures. This funding will […]<\/p>\n","protected":false},"author":1,"featured_media":12712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"http:\/\/boutiquehotelnews.com\/wp-content\/uploads\/2024\/11\/Screen-Shot-2024-11-19-at-21.06.27-800x445-1.png","fifu_image_alt":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[25],"tags":[5396,5399,5267,5397,5398],"class_list":["post-12711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suppliers","tag-apaleo","tag-funding","tag-million","tag-raises","tag-series"],"_links":{"self":[{"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/12711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=12711"}],"version-history":[{"count":3,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/12711\/revisions"}],"predecessor-version":[{"id":12779,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/12711\/revisions\/12779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/media\/12712"}],"wp:attachment":[{"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=12711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=12711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotelmagazine.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=12711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}