apaleo announces completion of seed financing round

apaleo was founded in January 2017 by a group of friends and partners who had a unique focus on hospitality and technology. The group started developing a true cloud platform for hotel management in February which form the basis of an open ecosystem. The Munich-based start-up of currently 15 people is constantly growing and the funding will support this infrastructure for at least 18 months.

Digitisation is the main driver for innovation in hotels but unfortunately the integration of new systems has turned out to be extremely cumbersome and expensive because today's core technologies for operating hotels are entirely closed. The vision of apaleo is to establish a software ecosystem based on an open API. Hotel groups and hotels will be empowered to instantly connect third party software and apps of their choice.

Both hospitality customers as well as existing and new technology companies will benefit hugely from this type of ecosystem. apaleo's mission to develop an open platform has the potential to change the IT landscape for a hotelier and can impact IT planning over the long term.

One of the founders of apaleo Uli Pillau adds, 'Initially this round of seed financing had been planned with internal resources only. When we pulled together our apaleo community we saw a great deal of interest from parties who not only wanted to support the company with their expertise but also with financial backing. This led us to establish a group called apaAngels consisting of good friends with an excellent reputation in hotel or hotel technology.'

About Apaleo

Apaleo is the open property management platform for hotel and serviced apartment groups, empowering accommodation providers to create the ultimate digital experience for guests and staff. The API-first property management platform powers brands across more than 24 countries, disrupting the nature of hospitality software with the transition from single-vendor suites to best-of-breed technology. Customers include Numa, Limehome citizenM, Mollie's, Vagabond Club, Raus and more. For more information, visit apaleo.com.

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