Apaleo | Rockaway Ventures

November 25, 2024

Apaleo Secures €20 Million Growth Equity Investment Led by PSG to Accelerate Global Expansion

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.

April 26, 2023

Rockaway Ventures Fund expands its portfolio with the German startup Apaleo

After recent investments in the German FreewayCamper, the Czech platform Campiri or the Greek startup Spotawheel, Rockaway Ventures announced another interesting investment. This time to the German startup Apaleo, which focuses on developing a modern cloud platform for the hotel industry that allows accommodation facilities to easily manage their reservations, operations and invoicing.

The company raised a total of EUR 9 million in two tranches in Series A funding. Rockaway Ventures was the lead equity investor in this round along with Swiss fund Serpentine Ventures, supplemented by a number of angel investors. Apaleo is successfully disrupting the area of software solutions for the hotel industry and property management. It offers modern cloud technology based on open interfaces (API) and easily connects various internal and external hotel systems and applications. This allows hotels and accommodation facilities to gain more flexibility and easily adapt their services to the specific needs of customers.

Thanks to this, hotels and accommodation facilities can easily integrate their existing systems with the new Apaleo technology and thus build their unique proposition for their end customers. Startup Apaleo is experiencing strong expansion, achieving more than 100% year-over-year ARR growth during 2022. The platform is used by technologically progressive hotel groups and digital accommodation establishments in more than 15 countries. These include, for example, numa, Mollie’s by Soho House, mk hotels, Zetter Hotels & co, Limehome, SV Group, HR Group, Vagabond Club or Lindemann Hotels.

“As a long-term investor in European online travel, we appreciate how well Apaleo responds to current hospitality trends and the changing demands of modern customers. We strongly believe that Apaleo has the potential to become an important player in the global hospitality technology ecosystem,” adds Andrea Lauren, General Partner of Rockaway Ventures.

Martin Reichenbach, Co-CEO and co-founder of Apaleo, adds: “Apaleo is exactly what hotel groups and alternative accommodation providers have been asking for for a long time: a real platform where they can access their preferred technology package. During 2022, we saw clear signs that the hotel industry is ready and hungry for transformation. The new funding will allow us to continue our mission: to give every hospitality business the freedom to create their vision. We stand ready to continue to provide the technology core while our forward-thinking community helps hospitality companies innovate.”