Kayak leads $60M funding round for hotel startup Life House – Travel Weekly

Life House has raised $60 million in Collection C funding led by new buyers Kayak, iNovia Capital and Derive Ventures.

The spherical furtherly has participation from current buyers Thayer Ventures, Tiger Worldwide, JLL, Trinity Ventures, Sound Ventures and Cooley LLP amongst fullly differents.

Life House and Kayak have been working collectively s…….

Life House has raised $60 million in Collection C funding led by new buyers Kayak, iNovia Capital and Derive Ventures.

The spherical furtherly has participation from current buyers Thayer Ventures, Tiger Worldwide, JLL, Trinity Ventures, Sound Ventures and Cooley LLP amongst fullly differents.

Life House and Kayak have been working collectively since final spring with the opening of Kayak Miami Seashore, a lodge managed by Life House. In mid-November, the companions introduced two further lodges mannequined as Kayak properties and functiond by Life House, each in Playa del Carmen, Mexico.

CEO Rami Zeidan launched Life House in 2016 as a mannequin and operator for unbiased lodges, using its proprietary suite of Computer software that has options for income administration, advertising, monetary operations and property operations.

The agency now functions Greater than 50 lodges in North America, collectively with the three Kayak properties, and says the Computer software platform is “full and mature enough” To start promoting it On to lodgeiers and operators. 

“We have On A daily basis been on the mission To assemble autonomous lodges by creating Computer software that makes lodges maximally worthwhile And simple To function,” Zeidan said. “After effectively constructing this extremely effective Computer software and seeing The outcomes on our managed lodges, we’re excited To enhance our influence by promoting it to fullly different unbiased operators and house owners Who’re vastly underserved by the options that exist right now.”

Life House says its Computer software Helps the properties it manages enhance profitability by Greater than 200% and internet incomes by Greater than 45%. The mannequin new funds Shall be used to proceed creating the cloud platform and promoting it to lodgeiers Throughout the globe.

“We’re reimagining the lodge expertise with Life House as our Computer software and operations companion,” says Steve Hafner, Kayak CEO. “Our funding will assist velocity up innovation and the enlargement of Kayak’s lodge initiatives.”

Life House’s current lodges differ in measurement from 14 to 375 rooms, However the agency says It Might be An reply for lodges of any measurement.

Supply: PhocusWire

Source: https://www.travelweekly.com/Travel-News/Hotel-News/Kayak-leads-funding-round-for-Life-House

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