Hotel tech provider HotelGenius has secured a new Euro 570,000 ($640,000) investment to help expand its operations.
The Greece-based cmpany (TLabs here) is being backed by private equity firm Elikonos Jeremie SCA Sicar and a group of private investors.
The funds will be used to cement its position in the domestic market and grow into new countries elsewhere in Europe.
HotelGenius created what it calls an “all-in-one” online management platform, including website builder, booking engine, mobile concierge application and central management unit.
Elikonos is supported by funds from a group of financiers including the European Investment Bank.
HotelGenius was originally backed by an investment of Euro 450,000 from its founders and others.
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