# BeOnPrice, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beonprice-s-l

- Industry: Software
- Headquarters: Salamanca, Spain
- Website: www.beonprice.com
- Total disclosed funding: $6.8M
- Latest round: Series A (May 31, 2021)
- Investors on record: 5

## About

BeOnPrice, S.L. provides advanced revenue management solutions for the hospitality industry, utilizing artificial intelligence to optimize pricing tactics and enhance operational efficiency for hotels and resorts.Founded in 2012, BeOnPrice, S.L. is headquartered in Salamanca, Spain. The company specializes in revenue management solutions for the hospitality sector. Emilio Galán is the founder, and Rubén Martín serves as the CEO. BeOnPrice has secured a total of EUR 2.00 mn over its funding rounds, the latest being a Series A round on June 1, 2022, involving investors such as Adara Ventures and others. The firm has completed five deals to date.BeOnPrice specializes in advanced revenue management solutions tailored for the hospitality industry, leveraging artificial intelligence to optimize pricing strategies and enhance operational efficiency. Their core product is a comprehensive Revenue Management System (RMS) that integrates various data sources to provide real-time insights and automated pricing adjustments for hotels, resorts, and hotel chains. Their clientele includes independent hotels, boutique accommodations, and major hotel chains across Europe, North America, and Latin America. Additionally, BeOnPrice offers the Hotel Quality Index (HQi), which evaluates hotel quality and competitive positioning based on customer feedback, helping clients refine pricing strategies and improve service excellence.In the most recent fiscal year 2022, BeOnPrice reported a revenue of EUR 1,849,563.30 with an EBITDA of EUR -1,102,563.80. The company generates revenue primarily through a subscription-based model for its software solutions, allowing medium to large hotels and resorts to access the RMS under various pricing tiers based on service complexity, typically structured around annual agreements.BeOnPrice plans to leverage its recent funding from June 2022 to support the development of new products and expand into new geographical markets. The company aims to introduce enhancements to its RMS product, although specific release dates have not been disclosed. Additionally, BeOnPrice is looking to penetrate markets in Asia and the Middle East by the end of 2023, aligning with its growth strategy to enhance its footprint in the global hospitality revenue management sector.

## Funding rounds

- Series A, May 31, 2021, $2.4M — Adara Ventures, Kanoar Ventures, IBH Capital Management, Travel Tech Fund, Center for Technological & Industrial Development
- Series A, Jan 9, 2020, $2.8M — Adara Ventures, Kanoar Ventures, IBH Capital Management
- Seed, May 30, 2017, $1.6M — Kanoar Ventures

## Investors

- Kanoar Ventures (https://capitalatlas.ai/funds/kanoar-ventures) — Seed, Series A
- Adara Ventures (https://capitalatlas.ai/funds/adara-ventures) — Series A
- IBH Capital Management (https://capitalatlas.ai/funds/ibh-capital-management) — Series A
- Travel Tech Fund — Series A
- Center for Technological & Industrial Development (https://capitalatlas.ai/funds/center-for-technological-industrial-development) — Series A