The domestic company OTA Sync, which deals with the technological improvement of the hotel industry, raised an additional 1.3 million euros in the last “seed” round of investments, according to the announcement.
The latest round of funding is led by Czech investors Presto Ventures, supported by Katapult Accelerator, TS Ventures Fund, DSI Group of Business Angels, Startup Wise Guys and Expert DOJO from California.
The company offers solutions in the field of cloud technology (virtual memory) for managing hotels and private accommodations, and currently has over 2,000 users in 17 countries.
OTA Sync connects sales, hotel operations, management and guest experiences in one solution, the company emphasizes.
“This is the first period of advanced hotel technology transformation. With this round of investment, we will prove to hoteliers around the world that cloud technology is a necessary part of the team and the management process, and not a tool that complicates their lives,” said Đorđe Jevtić, one of the founders of OTA Sync.
The investment will be aimed at expansion and expansion into the markets of Europe and Latin America, as well as at the development of new functionalities.
“We believe the rapid rise of mass tourism post-pandemic creates an ideal environment for tools that significantly increase the productivity of an already scarce hospitality workforce,” says Milan Lupac, OTA Sync partner at Presto Ventures.
As recalled, last year the company became the first startup to receive investments from the TS Ventures fund.
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