BookingPal closes $12 Million Funding Round as Growth Continues and Company Expands its Product Offering

Irvine, CA

February 28, 2019

BookingPal (Bookingpal.com), the world’s leading provider of vacation rental software, announced today that it has raised $12 million in funding led by Valor Capital Group with participation from Altabix, the corporate venture capital fund of Hoteles City Express (BMV: HCITY) as well as one new strategic investor. The round includes continued participation of existing investors including Amadeus Ventures, PAR Capital Management, Plug and Play Ventures, and Thayer Ventures. As part of the investment, Antoine Colaco, General Partner from Valor Capital Group, has joined the company’s board.

BookingPal will utilize the investment to expand into new geographic markets. The funding will also accelerate further development of its advanced distribution technology and intelligent automation tools that have been used successfully by thousands of vacation rental managers and property owners to increase their booking volume and revenue and simplify their guest acquisition operations.

“We are excited to partner with BookingPal and look forward to supporting the company’s market-leading position serving vacation property managers and owners.” Said Antoine Colaco, General partner of Valor Capital Group.

“Our growth is directly the result of the success our vacation rental property managers are experiencing. Our strong focus on continuously enhancing our technology and services and delivering results for our clients is paying off” stated Alex Aydin, BookingPal, Founder and CEO.

To find out more, please visit https://bookingpal.com/

About BookingPal:
BookingPal is the leading provider of technology solutions for the vacation rental industry. BookingPal helps property management companies increase revenue, occupancy, and efficiency through a fully managed software platform. The platform provides smooth, continuous, and real-time connectivity between the world’s leading property management software systems and consumer travel websites such as Airbnb, Booking.com, Expedia, Google, HomeAway/VRBO, and TripAdvisor.

About Valor Capital Management:
Valor is a pioneer investment firm focused on early stage Brazilian technology-driven businesses with select cross border investments in category-defining global technology companies, supporting their expansion in Brazil. Since 2011, the firm has supported its founders from an early stage through the company’s life cycle. Valor is committed to their success by providing strategic capital, operational support, and connectivity to the global markets. Valor is strategically located with partners in New York City, Silicon Valley, Sa?o Paulo and Rio de Janeiro.