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The Funded: Spanish travel tech Beonprice raises USD 2.78 million for AI-driven hospitality revenue software

January 10, 2020 / Travel Daily Media

Spanish-based Beonprice has announced closure of a Series A funding round of EUR 2.5 million (USD 2.78 million) with venture capital fund Adara Ventures as the lead investor. Headquartered in Salamanca – with further offices in Madrid, Barcelona, Mexico City and Bogotá – the technology company plans to use the funds to enhance its product team, strengthen its leadership position in Spain and Latin America, and expand throughout Europe. “Our aim is to lead and transform the revenue management strategy in the hospitality sector with artificial intelligence technology, which will help us double the product team and expand internationally,” said Rubén Sánchez, co-founder and CEO of Beonprice.