NUMA Raises $45m In Funding
Main Photo: Numa Sketch Berlin
Date: February 2022
Name: NUMA Group
Location: Europe
Number of Keys: 2,500
Owner: NUMA Group
The Money: Investors led by DN Capital
Hotel operator and technology developed NUMA Group has raised $45 million growth capital in a new funding round led by DN Capital. NUMA operates more than 2,500 units across European cities, including Barcelona, Berlin, Madrid, Milan, Munich, Rome and Vienna.
Formerly called Cosi Group, NUMA raised €20 million in March 2021 to support the company’s growth across Europe. The group partners with investors, property owners, developers and operators to create technology-based solutions. NUMA claims to increase profits by up to 40 per cent through automated processes such as intelligent pricing. In 2021, the company expanded into Spain, Italy, Austria and the Czech Republic.
DN Capital, the new lead investor of NUMA Group, has previously backed Auto1, HomeToGo, and Shazam. Co-leading the investment is Headline, with participation from Cherry Ventures, Soravia, Kreos Capital, TruVenturo, and Scope Hanson.
Nenad Marovac, founder and managing partner of DN Capital Group, said: “We are very impressed by NUMA’s strategy, performance and its consistent expansion in a very challenging market environment. The team has consistently achieved high occupancy rates and sustainable profitability of its units despite Corona.
“NUMA’s business model offers an attractive risk-reward profile for real estate partners, operators – and, most importantly, a completely new travel experience for modern travellers. We believe NUMA’s disruption technology will fundamentally change the hotel industry.”
Christian Gaiser, CEO, and co-founder of NUMA Group, said: “Our clear goal is to establish NUMA as the dominant technology and creative solution provider for a completely new generation of hotels in Europe. We used the pandemic to prove the resilience of [our] business model. We achieved 500 per cent revenue growth and 85 per cent booking occupancy despite Corona using our concept and proprietary technology.”
“We will use the fresh capital to offer even more NUMA hotel rooms and expand our technological lead across Europe rapidly – we will also expand the NUMA Go business unit,” Gaiser added.
Price: $45 million
Price per Key: N/A
THPT Comment: Hotel operation and technology development increasingly go hand-in-hand, as NUMA’s latest round of fund raising shows.
First Seen: BoutiqueHotelNews
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