Financing will be used on BookingPal's customer success, expansion and continued growth.
IRVINE, CA – BookingPal, a cloud based travel technology service that increases professionally managed vacation rental units exposure and revenue by connecting them to OTA’s, property listing and vacation rental portals, announced that it has completed a $5 million Series B financing. The investment will be used to support the demand for the company’s services, accelerate platform development, and expand the team.
The financing was led by Thayer Ventures and includes participation from new investors PAR Capital Ventures, and Amadeus Ventures. Early investors Camp One Ventures and Plug and Play Ventures also participated. BookingPal has received $7.5 million in total funding.
“This new capital will enable us to continue to innovate on the platform, expand our strategic partnerships, and fulfill our mission to help travelers find the perfect vacation rental for their next trip on their favorite website,” says BookingPal CEO Alex Aydin. “We are thrilled to have such world-class investors with deep domain expertise joining forces with us.”
“BookingPal’s technology solution is well-timed with the rapidly increasing demand for vacation rental properties from multiple audiences, including consumers, travel agencies, corporate travel managers, and more,” said Jeff Jackson Managing Director at Thayer Ventures. “BookingPal is an enabling solution for the industry and we are excited to collaborate with and support them as they work to scale the company in this exciting category.”
Along with the funding, BookingPal also announced the appointment of Mark Farrell, Managing Partner at Thayer Ventures, and Jeff Jackson, former CFO of Sabre Holdings, to the company’s Board of Directors.
“We are very pleased and fortunate to have both Mark and Jeff join our Board of Directors,” said Alex Aydin, CEO of BookingPal. “Their extensive professional experience and passionate commitment will bring insightful perspectives and contributions to our Board.”
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
