The trust of clients in 17 countries around the world has contributed to acquiring the confidence of investors. Focused on hotels, OTA Sync helps managers and employees manage the business from one place.
We are happy to announce the successful closure of an extended Seed round, raising €1.3 million in investment. This funding, led by Presto Ventures and joined by notable investors such as Katapult accelerator, TS Ventures Fund, DSI Group of Business Angels, Startup Wise Guys, and California Expert Fund DOJO, will propel OTA Sync’s mission to provide an all-in-one cloud-based Hotel & Property Management solution to hospitality businesses worldwide.
“We’re excited to welcome OTA Sync to Presto, as they complete our HORECA portfolio segment by adding their HO to our RECA. We believe the rapid post-covid surge of mass tourism creates an ideal setting for tools that significantly increase the productivity of the already scarce hospitality workforce. The synergy between Djordje and Ilija’s industry experience, coupled with the product’s maturity, positions them perfectly to capitalize on this vast opportunity. Personally, I can’t wait to see more hotels using OTA Sync during my travels.” says Milan Lupac, Partner at Presto Ventures.
All-in-one technology
In recent years the hotel tech industry has been accelerating, so the choice of complex hotel systems or combinations of multiple management systems can be very frustrating and create various bottle-neck business points for hoteliers.
The simplicity and comprehensiveness of a single system reduces the time and effort required for training, decision-making, and adapting to one system, while helping employees increase productivity and accelerate revenue.
New Wave of the Smart Hospitality Market
Data shows that the global smart hospitality market was estimated at $13.67 billion in 2022 and is projected to grow at a staggering CAGR of 29.79% from 2022 to 2030. By 2030, global revenues are expected to reach $110.08 billion. The growing dominance of cloud solutions and the SaaS business model is driving this transformation. Cloud solutions are becoming essential for sensors and other devices increasingly used by hotels to enhance the guest experience.
The market potential is significant, and the dynamic market growth brings about higher guest demands and greater expectations for the hotel operators to meet. Furthermore, the increase in the number of tourists and accommodation capacities has led to greater interest in hotel tech solutions in this fast developing industry.
Expanding to New Markets
The funds raised in this investment round will be pivotal in driving OTA Sync’s expansion into the European and Latin American markets. This expansion reflects the company’s vision to empower hoteliers worldwide, offering them a modern, integrated solution that will redefine their industry. Additionally, the investment will fuel the development of new functionalities, ensuring OTA Sync stays at the forefront of innovation in the ever-evolving hospitality tech landscape.
With offices in Estonia and Serbia, OTA Sync currently boasts over 2,000 satisfied users across 17 countries worldwide. These clients benefit from a suite of four comprehensive solutions: Property Management System, Booking Engine, Channel Manager, and a superior Guest experience app.
In conclusion, OTA Sync’s recent Seed round investment of €1.3 million signifies a remarkable step forward for the hotel tech industry. By offering a comprehensive, all-in-one solution, the company is change the way hotels operate and manage their businesses. As the smart hospitality market continues to grow, OTA Sync is positioned with a mission to make hotel management more efficient and guest experiences more delightful.
