Success! You're on the list.

Success! You're on the list.’s German rival founded by brothers raises €100M

Image credits: Holidu

Holidu, a Munich-based vacation rental company, has closed €100M in a Series E round of funding led by 83North (which also invested in Celonis and Vertice) with participation from Northzone, HV Capital, Vintage Investment Partners, Commonfund Capital, Prime Ventures, EQT Ventures, coparion, Senovo, Lios Ventures, and Possible Ventures.

The round also includes a venture debt component of €25M funding from Claret Capital and Silicon Valley Bank.

The proceed will fuel Holidu’s and Bookiply’s roll-out of local office locations, unlock organic and inorganic growth in existing markets and drive additional product investments into Bookiply and the booking platform Holidu.

Johannes Siebers, co-founder, and CEO, says, “We see that our company delivers true value to hosts and guests, which is reflected in our strong host retention and guest satisfaction. We will now scale our region-by-region approach into Europe’s large and attractive hosting market. This financing round is a great vote of confidence in the current environment. We are on the path to building a big company.”

The announcement comes a month after two recent acquisitions in Germany, Lohospo and my.IRS. 

Vacation rental platform

Founded in 2014 by brothers — Johannes and Michael Siebers, Holidu has built a booking platform for vacation rentals. In addition, Holidu has developed software and service solution for hosts called Bookiply. 

Bookiply and on the ground support from local teams help single property owners generate more bookings with fewer efforts.

In the past three years, the number of managed Bookiply homes has grown from 5,000 to nearly 20,000. Consequently, the revenues from Bookiply homes have grown 13x from the pre-pandemic year 2019 to 2022.

Bookiply is now active in 19 local offices across Europe and manages properties in several key tourist areas in Spain and Italy. Holidu has reached more than 110M visitors in the last 12 months. Currently, the company employs 500 people.

Michael Siebers, co-founder, and CTO, says, “Holidu has always aimed to solve customers’ problems by leveraging the best technologies and data. Our goal is to build the world’s best software and service platform for hosts and make the guest experience reliable and great.”

83North is a global venture capital firm that invests across all stages in exceptional entrepreneurs focusing on building global category-leading companies.

Laurel Bowden, Partner at 83North, says, “The Holidu Team are excellent operators, which is crucial to serve the fragmented long tail of vacation rentals with great unit economics and to bring the market to the next level. The team stands in front of a large roll-out opportunity. We are thrilled to be part of the journey and look forward to the road ahead.”

Leave a Reply

Your email address will not be published.

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you