Hotelverse raises a €5 million Series A
● The tech startup, specializing in digital twins for exact room selection, will receive strategic support from GED Conexo Ventures, as well as other major investors such as Faraday Venture Partners, Eoniq Fund, and backing from existing partners like Sabadell VC, Archipelago Next, and direct investments.
● Hotelverse is revolutionizing the hotel industry by applying the seat selection model from the airline sector. Guests pay an average of €60 extra to select their room, increasing conversion by more than 30% and optimizing the customer experience with hyper-personalized stays.
Hotelverse, the pioneering tech platform for exact room selection using digital twins, has announced the successful closure of a €5 million Series A funding round, with GED Conexo Ventures as the lead investor. Additional key investors, such as Faraday Venture Partners, Eoniq Fund, and existing investors like Sabadell and Archipelago Next, also participated with a follow-on.
With this capital injection, the startup gains the financial runway needed to strengthen its technological development and accelerate its international expansion, solidifying its presence in the hotel market through strategic clients like Hyatt Hotels, Radisson Hotel Group, and Palladium Hotel Group, among others. Among its various projects, the company is focusing on implementing artificial intelligence (AI) to further optimize guest experience personalization and improve the realism of its immersive experience, allowing customers to enjoy more advanced and tailored solutions.
Rafael Bover, Co-founder & COO of Hotelverse, explains: "This funding round marks a milestone in Hotelverse's growth. The trust placed in us by GED Conexo Ventures and the ongoing support of our current investors will allow us to scale our technology and continue revolutionizing the hotel industry. The onboarding of clients such as Hyatt and Radisson reflects the value our solution brings to large hotel chains. This round enables us to focus on expanding our hotel portfolio to increase ARR from €2M to €3.5M in the next two years. We are planning a €10M Series B round with a U.S. VC for summer 2026."
GED Conexo Ventures, with €150 million under management, focuses its investments on startups and entrepreneurs driving technological and digital advancement through proprietary new technologies and/or disruptive business models that contribute to the transformation of traditional economies. Joaquim Hierro Lopes, Managing Partner of GED Conexo Ventures, commented: "We are thrilled to lead this round and support Hotelverse in its mission to transform the hotel industry with exact room selection, just as airlines did with seat selection. We firmly believe in its potential to become an essential platform for hotels worldwide."
Hotelverse highlights the importance of GED Conexo Ventures' involvement, a fund that co-invests with U.S. VCs, providing the startup with the opportunity to become a U.S.-based company and further its international expansion from the United States.
Gonzalo Tradacete, Founder and Managing Partner of Faraday, adds: “We are proud to support Hotelverse in its mission to transform the hotel industry. Their solution brings significant value to both hotels and travellers, and with advances in artificial intelligence, they offer a crucial differentiation in the purchasing experience. Their innovative technology not only increases value for travellers but also generates substantial additional revenue for the major hotel chains that have already joined the 'Hotelverse revolution'."
Room selection generates an additional €60 per booking
Hotelverse has revolutionized how hotels manage their bookings, enabling effective disintermediation, which boosts conversion rates by over 30% on their direct channels compared to OTAs. Thanks to its innovative offering, customers can request a specific room number—a unique functionality that adds value to the booking process.
Additionally, the platform opens up a new revenue stream for hotels by charging for room selection, where 20% of users pay an average of €60 extra. Hotelverse also positions itself as a key upselling tool, increasing additional sales by 50% during both the pre-stay phase and at the hotel reception, using its digital twin to offer visually appealing upgrades.
The tool also enhances the customer experience with hyper-personalized bookings, increasing time spent on the hotel’s website by 103% and boosting interest in higher-category rooms by 70%. Moreover, in terms of ROI, having just one guest per week book directly through the hotel's website covers the cost of the service. Additionally, the platform generates significant extra income from room number requests and ancillary sales made through the digital twin.
Recently, the startup received nearly €500,000 in non-repayable funding for its innovation, granted by the Balearic Islands' Department of Tourism, Culture, and Sports under the Recovery, Transformation, and Resilience Plan, funded by the European Union - Next Generation EU. This grant adds to the capital raised in the funding round, focusing on product development, which will allow the company to accelerate its growth and consolidate its market presence.
Sources in media: Expansión, Cinco Días, El Referente, Business Insider España
