Elaia leads €10m series-B for The Hotels Network

Alessia Argentieri
11 June 2020

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Venture capital house Elaia has led a €10m series-B funding round for Spanish hospitality startup The Hotels Network (THN).

Previous backer Seaya Ventures and Seedrocket 4Founders also took part in the investment.

Following the deal, Pauline Roux, partner at Elaia, will join THN's board of directors.

THN reported a 120% increase in the use of its platform by its clients during the Covid-19 pandemic. The company intends to use the fresh financing to improve its platform, develop new features and boost its expansion.

Elaia is a European venture capital firm headquartered in Paris that backs tech startups from early stages to growth development. Since its inception in 2002, it has invested in more than 70 startups, including Criteo (listed on Nasdaq), Orchestra Networks (acquired by Tibco), Teads (sold to Altice), Sigfox, Mirakl and Shift Technology.

Previous funding
Following a seed investment in 2015, THN raised $3.7m in a series-A round led by Seaya and SeedRocket in April 2018.

Company
Founded in 2015 and based in Barcelona, THN is a direct growth platform for the hospitality industry. It uses predictive personalisation and machine learning techniques to help hotels offer guests a customised online booking experience and strengthen their relationship with their customers.

Around 5,000 hotels in 96 countries worldwide use the THN platform to grow their direct bookings. Clients of THN include Spanish and international hospitality brands such as One&Only, Minor Hotels and Barceló Hotel Group. The company employs 80 staff.

People
Elaia – Pauline Roux (partner).
Seaya Ventures – Antonio Giménez de Córdoba (partner).
The Hotels Network – Juanjo Rodriguez (CEO).