RoomPriceGenie, a Revenue Management System company for independent hotels, has raised $75 million in an investment from Five Elms Capital. The deal allowed the buyout of most investors, including Polish family office fund RKKVC, which had a nearly tenfold return in three years, MamStartup reports.
About RoomPriceGenie
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Switzerland-based company RoomPriceGenie specializes in providing automated pricing solutions for small and medium-sized hotels. Their software utilizes algorithms to adjust room rates in real-time, helping hoteliers optimize revenue and occupancy rates.
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By analyzing various factors such as local events, seasonal trends, and competitor pricing, RoomPriceGenie enables hotels to remain competitive in the market.
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The platform is designed to be user-friendly, allowing hotel owners and managers to implement dynamic pricing strategies without requiring extensive technical expertise.
“RoomPriceGenie has become a global leader in hotel room valuation automation within a few years, and the new investment opens up even more growth opportunities for the company. Exiting this investment after such a significant increase in value shows that our strategy of selecting companies from the West and supporting them is yielding tangible results… at one point the company was the fastest-growing SaaS in the category,” says Mateusz Bodio, founder of the family office fund RKKVC, which was one of the key investors in RoomPriceGenie.
Investment details
The round was led by Five Elms Capital. The deal enabled the buyout of most of the existing investors, including RKKVC, which received a nearly tenfold return on capital within three years of entering the company.
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Five Elms Capital is a growth-focused investment firm specializing in software businesses. The firm helps its portfolio companies scale by enhancing growth, executive teams, sales efficiency, and market expansion.
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RKKVC is a Warsaw-based early-stage venture capital fund that invests in innovative startups across Europe and the United States, focusing primarily on software companies, including deep tech and B2B SaaS.
As part of this new phase of the company's growth, Chas Scarantino has been named RoomPriceGenie's new CEO, replacing co-founder Ari Andricopoulos, who will take over as Chief Strategy Officer.
The investment from Five Elms Capital will allow for further expansion, as well as the development of a new generation of API integrations that will streamline revenue management processes for independent hotels around the world.
