RateBoard
Latest round
- Seed
Last raised
- Jun 2018
Total raised
- $1.5M
Investors
- 1
About RateBoard
RateBoard GmbH, founded in 2015 and headquartered in Innsbruck, Austria, develops revenue management solutions tailored for the hospitality sector.a. The founders, Matthias Trenkwalder and Simon Falkensteiner, have a background in technology and hospitality, driving the company's innovative approach to optimizing hotel pricing.RateBoard GmbH specializes in revenue management software tailored for hotels of all sizes, aiming to optimize pricing strategies and enhance revenue generation. Its core offerings include a sophisticated algorithm that analyzes both internal hotel data and external market trends to recommend optimal room prices. This dynamic pricing solution enables clients to automate their pricing strategies through an autopilot feature that integrates seamlessly with Property Management Systems (PMS), saving time and reducing manual input. The software also features comprehensive analytics tools that allow users to assess key performance indicators (KPIs) such as Average Daily Rate (ADR) and Revenue per Available Room (RevPAR), facilitating strategic comparisons against historical data and market demand.RateBoard operates on a subscription-based revenue model, where clients pay for access to its revenue management software and associated services. The typical transaction process involves hotels subscribing to the software, which grants them access to the automated pricing algorithms and analytical tools. The pricing structure is designed to be scalable, accommodating various hotel sizes and needs, with clients selecting plans that suit their operational requirements. Revenue is generated through both monthly and annual subscriptions, with options available for additional consulting services and in-depth training sessions.Looking ahead, RateBoard aims to expand its product offerings, including upcoming enhancements to its revenue management software designed to further integrate with emerging technologies. The company has plans to enter additional European markets by the end of 2023, targeting growth in regions like France and Italy.30 mn will support these initiatives, allowing RateBoard to invest in product development and market expansion efforts.
Who invested in RateBoard
1 investor across 1 round
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Funding rounds
Seed
Jun 6, 2018
Amount
$1.5M
Investors
Questions about RateBoard
Who invested in RateBoard?
RateBoard has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has RateBoard raised?
RateBoard has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did RateBoard last raise money?
RateBoard's most recent round on record is a Seed, in Jun 2018.
What does RateBoard do?
RateBoard GmbH, founded in 2015 and headquartered in Innsbruck, Austria, develops revenue management solutions tailored for the hospitality sector.
Where is RateBoard headquartered?
RateBoard is headquartered in Innsbruck, Austria.
Which VCs invest in companies like RateBoard?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at RateBoard's stage. Their profiles are linked below.
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