Hotel Engine joined the Unicorn Club on December 2, 2021, after raising a $65 million Series B funding round led by Telescope Partners, valuing the company at $2.1 billion. Headquartered in Denver, Colorado, United States, Hotel Engine is a SaaS-driven hotel booking platform providing business travelers and companies with tools for billing management, reservation management, and lodging management. The company has raised $221 million to date and employs 614 people (as of July 2023).
Keep reading to learn how Hotel Engine became a leader in business travel solutions.
What Is Hotel Engine and What Does It Do?
Founded in 2015, Hotel Engine offers a cloud-based booking platform designed for business travelers and enterprises. The platform simplifies hotel reservations, streamlines billing processes, and provides management tools for lodging and corporate travel. Users can book hotels via the web or mobile apps for iOS and Android.
By providing analytics and reporting tools, Hotel Engine enables companies to optimize travel costs, manage employee stays, and enhance operational efficiency, positioning itself as a go-to solution in the online travel space for businesses.
How Much Funding Has Hotel Engine Raised?
- Series C
- Amount Raised: $140M
- Date: September 17, 2024
- Lead Investors: Permira, Blackstone
- Valuation: $2.1B
- Purpose: Expand SaaS platform capabilities, scale operations, and enhance mobile app features.
- Series B
- Amount Raised: $65M
- Date: December 2, 2021
- Lead Investor: Telescope Partners
- Valuation: Not disclosed
- Purpose: Grow platform offerings and expand market presence.
Total Funding Raised: $221M
Latest Funding Date: September 17, 2024
Latest Valuation: $2.1B
Employee Count: 614 (as of July 17, 2023)
Key Investors
- Permira
- Details: Global investment firm focusing on private equity and technology investments.
- Focus Areas: SaaS, online platforms, and enterprise technology.
- Blackstone
- Details: Leading global investment firm providing growth and strategic support to high-potential companies.
- Focus Areas: SaaS, digital platforms, and corporate travel solutions.
- Telescope Partners
- Details: Growth equity firm investing in innovative technology-driven companies.
- Focus Areas: SaaS and enterprise software.
Where Is Hotel Engine’s Headquarters?
Hotel Engine is headquartered in Denver, Colorado, United States, with teams dedicated to product development, engineering, and customer support. The company focuses on improving business travel experiences by providing scalable SaaS tools that simplify hotel bookings, optimize costs, and enhance reporting and analytics for corporate clients.
What’s Next for Hotel Engine?
Hotel Engine plans to expand its SaaS booking platform capabilities by introducing advanced analytics, smarter automation for travel management, and additional mobile app features. The company aims to increase enterprise adoption, strengthen partnerships with hotel chains, and provide more seamless corporate travel solutions. With strong investor backing and a growing client base, Hotel Engine is positioned to lead the market in business travel technology solutions.
Get Investor & Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like Hotel Engine. Explore insights on SaaS platforms, online travel, and corporate booking solutions.
Sign up for Free on TexAu to access real-time investor and funding intelligence.
