Hotel revenue management specialist PriceMatch raises €8 million

Feb 13, 2015
Vote on Hacker News

25e88_hotel_3 PriceMatch, one of the rising leaders in hotel revenue management solutions has reportedly raised a new round a 8 million euros, according to Challenges, with Northzone and previous investor Partech. [update] Regardless of the recent news, co-founder Arthur Waller has stated that “PriceMatch has not closed any financing round yet.”   Pricematch first raised 1 million euros with Partech,  Tekton Ventures, and a private investor in 2013.The first few weeks of 2015 have been very active for them as they just acquired yield management solution PowerYourRoom, which is used by 100 hotels in North Europe, the Netherlands, Switzerland, Germany and Austria.

Founded in 2012, PriceMatch offers a cloud-based, data-driven SaaS to help hotels optimize their revenues through their user-friendly platform, enabling them to modify their rates according to demand. Drawing in historical and real-time information such as the hotel’s reservations history, competitor prices, seasonality, e-reputation, local events, weather forecasts, etc, they’re able to produce strong results for their clients, namely an impressive 7% increase in RevPAR (revenue per available room). PriceMatch already has 700 hotels, including big names like Bestwestern, across more than 30 countries on their platform.