Rodriguez: Raising travel tech capital is easier in Europe than US
Juan Rodriguez · 1316 3000 Hotels Pay Him $4.3m in ARR to Help With Website Bookings · Mar 2, 2019 · at 11:06
Juan Rodriguez, founder of The Hotels Network, compares fundraising environments between European and US investors for hospitality startups.
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“I actually think that for the travel space in which we are, it might be easier to raise in Europe today than it is in the US. Because the hospitality market in Europe is very dynamic, very large, and there are many people who really know the market well, and they understand the opportunity Probably better than the people who only know tech.”
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More from Juan Rodriguez
The Hotels Network raised its Series A at a 6x–8x ARR multiple
“We were, let's say we were working between six and eight.”
The Hotels Network clients pay an average of $150 to $200 monthly
“It depends a bit, but that would say that about, I mean, I'm 50 to 200, if you do it on average, it depends on, on the dollars dollars, US.”
The Hotels Network reaches over 3,000 paying hotel customers
“We have over 3000 hotels that we work with now.”
The Hotels Network grew revenue roughly 100% to 150% year-over-year
“We we've grown the last year. We've grown over a hundred percent. It's I think it's about, if you see a year a year, it's probably a hundred, a 50%.”