Hotelverse, an innovative startup focusing on digital twin technology for room selection, has secured €5 million in Series A funding, led by GED Conexo Ventures, to enhance its technological capabilities and expand its presence in the hotel market.

Information on the Target

Hotelverse, a groundbreaking tech startup, specializes in providing digital twin technology for precise room selection in the hotel industry. The company has recently secured €5 million in a Series A funding round, led by GED Conexo Ventures, with significant participation from investors such as Faraday Venture Partners and Eoniq Fund, alongside ongoing support from existing partners like Sabadell VC and Archipelago Next.

Hotelverse is transforming the way guests book rooms by implementing a model akin to seat selection in the airline sector. This innovative approach enables customers to select their desired room for an additional fee, generating an average of €60 extra per booking. This model has effectively increased conversion rates by over 30% and has enhanced the overall customer experience through hyper-personalized options.

Industry Overview in the Target’s Specific Country

The hotel industry is undergoing significant transformation, particularly with the integration of digital technologies. With numerous startups venturing into the space, there is a pressing demand for innovative solutions that stre