Munich-based property management company apaleo has received an undisclosed investment from Redalpine.
apaleo supplies the hospitality industry with services to manage properties and their operations. One of the solutions available to users is accounting support and simplified reporting of the enterprises finances. Through the app, users can automatically manage inventory distribution, rates and channels.
Founded in 2017, the platform uses a two-way API which enables clients to customise their app and test new services to integrate with its own. This method helps to connect hospitality companies, technology vendors and third parties to create a better interface and access more data.
The platform launched to the public at the beginning of the year, and has onboarded ‘a number of hotels and hotel groups across several European countries.’
Redalpine founding partner Peter Niederhauser said, “The Open Hospitality Cloud ecosystem represents a new paradigm in hotel technology. apaleo is the promising case of a highly experienced, successful and visionary founding team. They have a unique focus on hospitality and technology which could truly reshape the hotel industry.”
Late last year, Redalpine took part in the €18m funding round of credit scoring algorithm company Finiata. The Series A received contributions from DN Capital, Point Nine, Fly Ventures, ENERN, and Kulczyk Investments.
The firm also recently led the €2m seed investment into tax return filing management company Taxfix. Based in Berlin, the company uses smart algorithms to simplify tax and speed up refund processes.
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