Regional News

Barcelona-based Lodgify, the SaaS for vacation rentals secures $5M in Series A funding

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Lodgify, a Barcelona-based SaaS for property owners to manage vacation rentals, recently announced it has secured $5 million in Series A funding.

The funds come from existing backers Nauta Capital, Howzat Partners, with several angels participating, and new investor Intermedia Vermögensverwaltung. Bringing total funding for the Spanish startup to $7.3 million.

Lodgify was primarily pitched as a means for property owners to grow their direct vacation rental bookings without solely relying on platforms like Airbnb or Booking.com, the company enables the creation of a mobile-friendly website for each property. Crucially, this includes the ability to accept online bookings and take payment.

“Just like Shopify became the decentralised platform for businesses by democratizing access to e-commerce technology, Lodgify is empowering lodging operators with direct channel technology,” the company’s co-founder and CEO Dennis Klett tells me. “That allows them to build their own booking channel to generate more direct bookings”.

To help support this, Lodgify is attempting to fully automate the booking workflow for hosts: from booking management to guest communication, to payment scheduling and refunding in case of refundable cancellations. “All these steps basically run on autopilot, empowering our hosts to be instantly bookable and eliminating time-consuming tasks for them,” Klett says.

As part of these efforts, the company is keeping an eye on the development of crypto currencies and “smart contracts”. Perhaps somewhat optimistically, Klett says this would allow for “self-executing and risk-free bookings”.

Read more here.

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