Insider Brief
- Dubai-based Lokalee, an AI-powered content platform for hotels and holiday homes, has raised USD 5.6 million in pre-series A funding led by Crown Private Fund, with participation from three other strategic investors.
- This funding will support product development and expansion into European markets, building on their growth in customer portfolio and recent expansion into Austria, Germany, and Saudi Arabia.
- The platform is trusted by over 200 brands across 20 countries and has been implemented in major hotel groups like Movenpick, Sheraton, and Hilton.
PRESS RELEASE — Dubai/January 8, 2024 — Dubai-based Lokalee, an AI-powered content platform for hotels and holiday homes, today announced details on its latest successful round of investment, resulting in USD 5.6 million received in pre-series A funding. The injection of capital combined with Lokalee’s growth will further fuel the company’s accelerated product development efforts as well as its expansion into European markets.
Led by Crown Private Fund, the USD 5.6 million investment also featured contributions from three other strategic investors with hotel and technology background. The increased access to capital is further strengthened by Lokalee’s growth in customer portfolio with 250 hotels currently using the Lokalee solution as well as their expansion into Austria, Germany and Saudi Arabia in 2023. Immediate development plans include the launch of a trip planner combining AI technology with curated data provided by humans, offering the best synthesis of both worlds.
Lokalee is a B2B content platform specifically developed for hotels and holiday homes, designed to enhance guest interactions, simplify operations, and increase potential revenue. The customizable white-label platform allows guests to browse and book everything a property and the destination has to offer, sourced by Lokal Curators and supported by global partners.
Trusted by over 200 brands across 20 countries, Lokalee’s platform has already been implemented at leading hotel groups such as Movenpick, Sheraton, Rotana, Sofitel, Hilton, Millennium among others.
“We are very pleased with the investor confidence in Lokalee, validating the potential of our platform across the global hospitality industry. With this new source of funding, we are determined to accelerate our ambitious expansion to optimize the digitization of the guest journey for our customers,” said Samir Abi Frem, CEO of Advanced Digital Technology and Lokalee.
About Lokalee
Lokalee is a B2B, fully customizable content platform for hotels and holiday homes, designed to enhance guest interactions, simplify operations, and increase potential revenue. AI-powered, the interactive platform enables properties to connect digitally with guests from pre-arrival to post-departure. Guests can browse and book everything the property and the destination has to offer and receive curated experiences and authentic recommendations sourced by our Lokal Curators and supported by our global partners. The plug and play white-label SaaS platform can be branded and customized for the hotel or holiday home. To learn more, please visit www.business.lokalee.app/
Contact
Anne Bleeker, Managing Director, In2 Consulting
Email anne@in2consulting.com
