# Roomex

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

- Industry: Internet
- Headquarters: Dublin, Ireland
- Website: www.roomex.com
- Total disclosed funding: $13M
- Latest round: Series A (Aug 16, 2018)
- Investors on record: 3

## About

Roomex Ltd is a travel management company focused on providing tailored travel solutions for workforce travelers, enhancing booking efficiency and expense management through innovative technology.Founded in 2004, Roomex Ltd operates from Dublin, Ireland, specializing in business travel solutions. The company was acquired by FleetCor Technologies, Inc. for USD 60 mn in October 2022, a transaction completed in January 2023. Karl Glennon is the founder, and Garry Moroney currently serves as CEO.Roomex specializes in providing comprehensive travel management solutions designed specifically for the workforce traveler. Their core offerings include a robust booking platform that consolidates hotel bookings and payments, along with an innovative expense management system through the RoomexPay card. The platform is tailored to meet the needs of businesses with large mobile workforces, facilitating seamless travel arrangements while ensuring real-time visibility into travel expenditures via the Roomex Analytics dashboard. By leveraging a vast network of over 2 million properties worldwide, Roomex serves a diverse client base, including corporate organizations in various sectors such as construction, engineering, and consultancy, with operations in key markets such as the United Kingdom, Ireland, Germany, and the United States. The services address critical pain points in travel management, including booking confirmations, live duty of care tracking, and efficient handling of travel allowances, ultimately enhancing the travel experience for employees and streamlining processes for travel managers.Roomex generates revenue primarily through its service offerings in business travel management, which includes hotel bookings and expense management. In 2021, the company reported a revenue of USD 5,643,764.90 and an EBITDA of USD -921,019.80. The company operates on a B2B model, engaging directly with corporate clients who utilize the platform for their workforce travel needs, incurring costs associated with booking accommodations through Roomex's platform as well as potential transaction fees related to the RoomexPay card for expense management.Following the recent acquisition by FleetCor Technologies, Inc., Roomex plans to enhance its service offerings and expand into new markets. The company is focused on launching new products designed for improved travel management solutions, with targeted expansions in the UK, Germany, and the United States. The funding from the acquisition will support these initiatives, allowing Roomex to scale its operations and enhance its technological capabilities to meet the growing demands of corporate travel management.

## Funding rounds

- Series A, Aug 16, 2018, $9.1M — Molten Ventures, Harmony Capital, Frontline
- Series A, Sep 28, 2016, $3.9M — Frontline

## Investors

- Frontline (https://capitalatlas.ai/funds/frontline) — Series A
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A
- Harmony Capital — Series A