Hospitality tech (2025)
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Last updated: 27 Jan 2025
Market 101
Has Europe found a tech winner? While US firms usually overshadow its rivals, Europe’s latest success stories are centred around tourism, something the region has in abundance.
Hospitality-focused startups are receiving five-star, well, hospitality from VCs: last year we recorded scores of big raises for B2B software firms aimed at improving the running of hotels and restaurants.
Two of these deals minted $1bn+ unicorn companies, heralding a new era for hospitality tech. The first was Amsterdam-based hotel software maker Mews, which raised €101m in March (the CEO shares his view on the future of hospitality below). Later in 2024, London-based Lighthouse, an analytics provider for hotels, entered the unicorn pen. It offers users data like how many people are booking rooms, when they’re booking and what they’re willing to pay. Lighthouse raised a $370m Series C in November.
Why the sudden love for hospitality? The post-Covid travel rebound is the main reason. Over the past few years, hotels and other hospitality specialists have recorded double digit sales growth due to travelers’ excess savings and pent-up demand. European tourism is outperforming other parts of the world (hosting the Olympics also ensured a travel bonanza).
Travelers won’t have failed to notice the glut of new innovations on their journeys. App check-ins. QR code menus. Chatbot concierges. There’s even technology to detect the most unwanted hotel guests — bed bugs (Finnish startup Valpas raised €4m last year for tech to root out these itchy intruders).
AI, inevitably, is checking in too: the tech is personalising the travel experience — it is now common practice to ask ChatGPT for an itinerary — and helping hotels anticipate guest needs, reduce their “friction” points and free up hotel staff.
Europe market map
Deals tracked by Sifted (since 2024)
Key facts
View from the ecosystem
Interview: Matthijs Welle, CEO of Mews
AI is an obvious thing for the hospitality industry to care about — an unobvious one is Ozempic, the weight loss drug.
Starting with the obvious one. “AI scared me a few years ago,” admits Mews CEO Matthijs Welle. “Now I’m really excited by it.” His method for overcoming the fear? Get his team to book him on a stage to talk about it. “Then I was really forced to think about it,” he says.
Amsterdam-based Mews creates tech to automate everything from front-desk check-in and payments to reservations and housekeeping management. The company sells to most European countries bar Bulgaria and Croatia — where regulations are too onerous, says Welle — and into the US, Canada, New Zealand and other parts of the world. Mews sounds like a friendly place to work. Pets are important at Mews (Welle has a dog named Beyonce). Staff are encouraged to work remotely from hotels or other accommodations (naturally, there are discounts).
AI’s already changing hospitality, Welle explains. “Hotels sit on humongous amounts of data — they know your passport number, your purchase history etc. AI tools can create three-line summaries of you for the receptionist. If you know in advance that a guest’s allergic to feathers, AI can create a task for the housemaid to get new pillows for your room. When you give your room number at the hotel bar, they'll know what you’re allergic to.”
Hotels need to use this tech in a "not-creepy way," Welle says. "Most of the time, the personal touches are delightful. Like how I opened my hotel mini-bar recently and found lactose-free milk: that was really great.”
Now the non-obvious thing — Ozempic — that will change hospitality. Welle struck a chord on LinkedIn recently when he complained about how hard it was to find a decent hotel gym. “I’m one of the many new users of Ozempic — which by the way is great, I did three days straight in a conference room recently and did not get tempted by a chocolate muffin — but gyms are not keeping up with us." He wants weight sets rather than treadmills. "They'll need to think about this more. Also, hotel bars, which mainly serve burgers and club sandwiches — they’ll need healthier options.”
Benchmarks and investors tracked by Sifted
Sifted take
When the pandemic lockdowns began, it felt like it would be years before tourism would rebound. The prediction proved pessimistic. As restrictions eased, people voted with their feet. Tourism is rife and Europe’s hospitality startups seized the opportunity to capitalise on the industry boom.
Early-stage rising stars
The most promising early-stage startups — from pre-seed to Series A — handpicked by Sifted.
Nuitée offers infrastructure APIs to hotels and travel businesses, enabling developers to seamlessly embed hotel booking features. In December 2024, it announced a $48m Series A led by Accel; until then, it had been boostrapped. Nuitée has offices in Ireland, Spain, London, Morocco and the US, and is currently profitable.
Round
Series A
Valuation
Undisclosed
Date
2024
Size
€44.3m
Katanox, a platform that unifies direct distribution and financial infrastructure for the hospitality industry, has consistently grown its employees count since its launch.
Round
Early VC
Valuation
Undisclosed
Date
2022
Size
€5.2m
Tebi was cofounded by Arnout Schuijff, former cofounder and CTO of Dutch fintech giant Adyen, and aims to simplify finance for restaurants, bars and cafes via a streamlined PoS and operations platform. Tebi distinguishes itself from competitors like Zettle, SumUp and Dojo by offering free services to businesses below a certain revenue threshold. It raised a €20m Series A led by Index Ventures in October.
Round
Series A
Valuation
Undisclosed
Date
2024
Size
€20m
This B2B SaaS platform offers online tools for restaurant businesses including QR payments and a CRM system. It is founded by serial entrepreneur Alex Ilyash, who has founded and exited other hospitality & travel tech startups.
Round
Seed
Valuation
Undisclosed
Date
2024
Size
€2.3m
Ones to watch
AirGateway
€1.6m
€1m
-
allO
€6.2m
€4.6m
-
Altovita
€9m
€8.6m
-
Amenitiz
€34.3m
€27m
-
Apaleo
€30.5m
€20m
-
Axino
€1.5m
€1.5m
-
Byway
€7.7m
€5.9m
-
Choco
€307.7m
€25m
-
Choice
€4.6m
€2.3m
-
Cluby
€2.9m
€2.9m
-
Combo
€46.3m
€40.9m
-
CoverManager
€52m
€17m
-
CupLOOP
€2.7m
€2m
-
Deliverect
€215.4m
€136.4m
-
Flipdish
€134.8m
€87.3m
-
FoodFlow
€2m
€2m
-
Foodforecast
€4m
€3m
-
Foodsi
€2.8m
€1.2m
-
Growth Kitchen
€3.6m
€3.6m
-
Honei
€2.1m
€1.4m
-
Hotelmanager
€3.7m
€2.5m
-
Hotelverse
€8.2m
€5m
-
Hyble
€3.3m
€3.3m
-
Inpulse
€7m
€7m
-
Kanpla
€8m
€8m
-
Katanox
€5.5m
€5.2m
-
Kikleo
€1.5m
€1.5m
-
Klearly
€8.1m
€6m
-
Landfolk
€15.6m
€10.3m
-
Last.app
€7.2m
€5m
-
Lighthouse
€447.9m
€370m
-
Lodgify
€31.8m
€18m
-
Luniwave
€1m
€1m
-
Malou
€11.2m
€10m
-
Mews
€421.3m
€90m
-
Miam
€1.5m
€1.5m
-
My Emissions
€2.3m
€1.5m
-
NarPOS
€1.8m
€1.8m
-
NeoTaste
€20.5m
€15.1m
-
Nory
€23.8m
€14.8m
-
Nuitée
€44.3m
€44.3m
-
Orquest
€1.4m
€1.4m
-
Package Kitchen
€9.7m
€2.5m
-
Piney
€1.2m
€1.2m
-
Plateful
€2.8m
€2.8m
-
Prevego
€1m
€1m
-
Qromo
€1m
€1m
-
Red Engine
€72m
€72m
-
Restworld
€1.8m
€1m
-
ScanTrust
€11.9m
€2.4m
-
Skello
€46.4m
€40m
-
Slerp
€9.8m
€6m
-
Smartpricing
€11m
€11m
-
Smartway
€10m
€10m
-
Squake
€3.5m
€3.5m
-
Superb
€14.7m
€12m
-
Tablevibe.co
€1.5m
€1.4m
-
Tebi
€20m
€20m
-
Tenzo
€7.7m
€4.5m
-
The Treep
€1.6m
€1.6m
-
Turnit
€1.5m
€3.6m
-
UnifyOrdering
€1.1m
€1.1m
-
UserGuest
€3.3m
€2.2m
-
Vita Mojo
€31m
€27.3m
-
Yayem
€4.5m
€1.8m
-
Yumminn App
€2.2m
€1.4m
-
ZenChef
€59.6m
€50m
-
Europe’s scaleups
Who early stage startups are up against
(Pre-)Seed
Series A
Series B
Series C
Series D+
IPO/Exit
Lighthouse provides a user-friendly revenue, distribution and marketing management tech stack to hotel partners and it was one of the last minted unicorns of 2024 with a huge Series C round from KKR.
(Pre-)Seed
Series A
Series B
Series C
Series D+
IPO/Exit
As mentioned above in the “View from the ecosystem” section, Mews was started by ex-hotelier Richard Valtr in 2012 and it’s the second hospitality unicorn of 2024 together with Lighthouse.
Sources
Data sources
Sifted | Proprietary data
News articles
Europe has its latest unicorn: Hotel software provider Lighthouse raises $370m | November 2024 | Sifted
Research reports
Hospitality, events & travel | March 2024 | Sifted
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