Apaleo, the API-first open property management platform, today announced it has raised €20 million in a growth equity investment round led by PSG Equity, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to help navigate and capitalize on transformational growth. Existing investors Redalpine, FOMCAP IV, and Rockaway Ventures also participated in the round.
The funding will allow Apaleo to accelerate its international expansion, attract top-tier talent, and further develop its cutting-edge platform. The company plans to strengthen its presence throughout Europe and globally, solidifying its position as a market leader in hotels and serviced apartments. Apaleo will also deploy the capital to further expand its already sizeable reach across a broad spectrum of the accommodation and serviced living industries – including hotel chains, resorts, student housing, short-term rentals, camping, senior living and other accommodation verticals.
Apaleo’s rapidly expanding portfolio now spans over 30 countries worldwide, managing more than 85,000 units across diverse markets and serving over 1,700 properties. Customers now include well-known global hotel brands like citizenM, easyHotel, and Falkensteiner Hotels & Residences, cutting-edge serviced apartment providers such as Numa, limehome, and iLive, as well as boutique chains like Miiro Hotels and Korner Hotels in France and internationally.
Unlike all-in-one property management systems, Apaleo’s API-first model offers the freedom to integrate with over 250 specialised applications, enabling accommodation providers to build customised technology stacks according to specific needs. This open platform approach addresses the primary limitation of legacy PMS-centric technology in today’s hospitality sector, eliminating constraints and fostering industry-wide innovation in technology applications. Supported by its MACH (Microservices-based, API-first, Cloud-native, Headless) architecture, Apaleo offers scalability and adaptability, empowering accommodation businesses of any size and type to tailor their technology solutions to fit any business model.
