Apaleo Extends Series A Funding To €9M
- Apaleo, a Munich, Germany-based provider of an open hospitality platform, raised a growth equity funding which brought its Series A round to €9M
- The round was led by Rockaway Ventures and Serpentine Ventures with participation from Redalpine, and Force Over Mass Capital
- The company intends to use the funds for product development plans and consolidation of its market-leading position in Germany while accelerating its penetration within hotel and serviced apartment groups across Europe
- Co-founded by CEO Martin Reichenbach and Uli Pillau, the company provides a platform to manage hotel & serviced apartment chains
- The API-first property management platform powers brands across more than 15 countries
