# BookingPal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bookingpal

- Industry: Software
- Headquarters: Irvine, US
- Website: www.bookingpal.com
- Total disclosed funding: $6.5M
- Latest round: Series B (Feb 18, 2015)
- Investors on record: 5

## About

BookingPal, Inc. is a technology company that provides innovative solutions for vacation rental management, facilitating seamless integration between property management systems and online travel agencies (OTAs).Founded in 2013 in Irvine, US, BookingPal, Inc. specializes in vacation rental management solutions. The company has successfully raised USD 12 mn in funding through four deals, with the latest funding round occurring on February 28, 2019, led by Valor Capital Group and supported by investors such as Altabix and Amadeus Ventures. The founders, Alex Aydin and Zoran Kocevski, have a history of entrepreneurship in the tech space.BookingPal offers a comprehensive suite of technology solutions designed to streamline the vacation rental management process. Their core product is a cloud-based platform that integrates property management systems with major online travel agencies (OTAs), enabling property owners and managers to list, market, and manage their rental properties efficiently. This platform addresses key challenges in the industry, such as maximizing occupancy rates, optimizing pricing strategies, and simplifying booking management. The service is utilized primarily by property management companies, individual property owners, and hospitality businesses, serving a diverse client base that spans across North America, Europe, and Asia-Pacific markets. By providing centralized management tools and analytics, BookingPal enhances operational efficiency and improves revenue generation opportunities for its users.BookingPal generates revenue primarily through subscription-based pricing models for their platform services, which may include tiered plans based on the number of properties managed or features utilized. Clients, comprising property managers and owners, engage with the platform through direct contracts, resulting in recurring revenue streams. Transactions typically involve a monthly or annual fee for access to the software, along with possible commission structures based on bookings facilitated through the platform. The company’s flagship offerings are closely tied to the seamless integration capabilities with leading OTAs, which enhances their value proposition in the competitive vacation rental market. This revenue model ensures sustainable cash flow while supporting ongoing product development and customer support initiatives.In February 2019, BookingPal, Inc. raised USD 12 mn in venture funding led by new investor Valor Capital Group, with participation from another new investor Altabix and returning investors Amadeus Ventures, PAR Capital Management, Plug and Play Ventures, and Thayer Ventures. The company plans to utilize this funding to enhance their product offerings and expand into new geographic markets across North America, Europe, and other regions by the end of 2023.

## Funding rounds

- Series B, Feb 18, 2015, $5M — Amadeus Capital Partners, Thayer Ventures, PAR Capital Management, Plug and Play, Camp One Ventures
- Seed, Sep 19, 2013, $1.5M — Plug and Play, Camp One Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed, Series B
- Camp One Ventures (https://capitalatlas.ai/funds/camp-one-ventures) — Seed, Series B
- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Series B
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Series B
- PAR Capital Management (https://capitalatlas.ai/funds/par-capital-management) — Series B