Apaleo, a Munich, Germany-based provider of an API-first open property management platform, raised €20M in Growth Equity funding.
The round was led by PSG Equity. Existing investors Redalpine, FOMCAP IV, and Rockaway Ventures also participated.
The company intends to use the funds to accelerate its international expansion, hire talent, and further develop its platform.
Led by CEO and Founder Uli Pillau, Apaleo is a provider of an open property management platform for hotel and serviced apartment groups, empowering accommodation providers to create the ultimate digital experience for guests and staff. Its portfolio now spans over 30 countries worldwide, managing more than 85,000 units across diverse markets and serving over 1,700 properties. Customers now include global hotel brands like citizenM, easyHotel, and Falkensteiner Hotels & Residences, serviced apartment providers such as Numa, limehome, and iLive, as well as boutique chains like Miiro Hotels and Korner Hotels in France and internationally.
FinSMEs
21/11/2024