# SuitePad

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.suitepad.de
- Latest round: Seed (Apr 9, 2014)
- Investors on record: 4

## About

SuitePad GmbH delivers digital engagement solutions for the hospitality sector via innovative technology, enhancing guest interactions and streamlining communication between hotel staff and guests.Founded in 2012 in Berlin, Germany, SuitePad GmbH specializes in digital solutions for hotels, notably through its SuitePad Hotel Room Tablets. The company has engaged in five deals, with the most recent funding round occurring on March 4, 2020, during which they secured EUR 3.000 mn in a GROWTH round led by Target Partners alongside investors such as HW Capital, KIZOO Technology Ventures, and VC Fonds Technologie Berlin. The company's valuation currently stands at EUR 12.450 mn. SuitePad was co-founded by M Petersdorff, Moritz von Petersdorff-Campen, and Tilmann Volk.SuitePad specializes in providing digital engagement solutions for the hospitality industry, particularly through its core product, the SuitePad Hotel Room Tablets. These tablets enable seamless communication between hotel guests and staff, granting access to hotel information, services, and direct booking options for amenities such as restaurant reservations and spa treatments directly from the hotel room. SuitePad's products facilitate a diverse client base, comprising both large hotel chains and smaller independent establishments, particularly in Germany, Austria, and the UK, with usage rates between 55% and 80%.SuitePad’s revenue model operates on a pay-per-use basis, allowing hotels to pay only for the services they utilize. This approach minimizes upfront costs and aligns expenditures with actual service usage, leading to a swift return on investment. Transactions primarily occur through B2B partnerships with hotel chains and independent hotels, fostering a subscription-like agreement tied to measurable results. The SuitePad Hotel Room Tablet is central to this revenue structure, integrating various functionalities that improve operational efficiency and guest satisfaction within the hospitality sector.SuitePad plans to leverage recent funding from their GROWTH round to further develop their product offerings and expand into new markets. Following their most recent deal in March 2020, which involved investment from Riverside Company and returning investors, SuitePad aims to introduce additional features for their Hotel Room Tablets. The company is also targeting expansion into new European markets to increase their presence and enhance service delivery by the end of 2021.

## Funding rounds

- Seed, Apr 9, 2014 — IBB Ventures, KIZOO Technology Ventures, HW Capital
- Seed, Dec 12, 2012 — IBB Ventures, Heilemann Ventures, HW Capital

## Investors

- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Seed
- Heilemann Ventures — Seed
- HW Capital — Seed
- KIZOO Technology Ventures (https://capitalatlas.ai/funds/kizoo-technology-ventures) — Seed