Hotel comparison start-up Lodgeo backed by £2m seed funding
Javest Invesment leads round to support launch of all-in-one hotel comparison and booking app
Early-stage hotel comparison company Lodgeo has raised an impressive £2m in a seed round led by Javest Investment, along with three anonymous angel investors, to fund the launch of its new app.
Founded in 2013 by Inej Djelassi, Lodgeo collates data from travel agencies to allow users to find, compare and book hotels in one app without being redirected to third parties for transactions; as is often the case with most hotel comparison sites.
Available on iOS, and soon to launch on Android, the app features over 800,000 unique properties worldwide – drawing results from websites including Booking.com and Expedia- with Booking.com’s co-founder Marin Muyser on the company’s board.
Djelassi intends to capitalise upon the growing hotel market, estimated to be worth £278bn, having previously founded Hotel Solutions Direct; a revenue management company for independent hotels, in 2001.