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Hotel Engine Raises $16 Million for Business Travel Booking: Travel Startup Funding This Week

September 06, 2019 / Skift

Hotel Engine, which offers online lodging management for businesses, has raised $16 million in Series A funding.Telescope Partners led the round, which placed a more than $150 million valuation on the startup.The Denver-based travel tech company, founded four years ago, is similar to well-funded startups like TripActions and TravelPerk. It offers hotel reservation and management solutions for the booking of more than 200,000 hotels. It has processed more than a million bookings, and it aims to provide transparency, billing, and support for more than 25,000 businesses small-and-medium-sized companies.