CloudArena raises $1.5m from Aslanoba and 212 Capital

The fresh funding will be used by CloudArena to hire additional staff, as well as boost the sales of its product by expanding its services on a more international scale. The company has also stated that it will look at making acquisitions in the future.

Previous funding
CloudArena received funding from 212 Capital last April.

Company
Founded in 2011, CloudArena is headquartered in Istanbul. The company provides a software-as-a-service (SaaS) to the hospitality industry, designed to simplify social media management for businesses operating in the sector. The company's real-time SaaS product allows online travel retailers and hotels to accept reservations across a number of channels and to receive data on potential guests.

People
Arden Agopyan, Ali Beklen and Tolga Yalcinkaya are the founders of CloudArena. Ali Karabey is a managing director at 212 Capital. Cankut Durgun is a managing director at Aslanoba.

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• Topics
• Southern Europe
• Early-stage
• Technology
• Turkey