Irish-based hotel booking platform Roomex is planning to expand internationally in the wake of raising €8 million in funding.
The Irish Independent reports that the Series A funding round was led by Draper Esprit with support from existing shareholders Frontline Ventures and Harmony Capital.
Co-founded by CEO Jack Donaghy and CTO Karl Glennon, Roomex allows businesses to centralise all hotel bookings and invoices in one account.
Transforming The Market
Draper Esprit investment director Nicola McClafferty, who will join Roomex’s board, stated, “Despite the innovation we have seen across consumer travel, managing business travel remains a real pain point for most businesses. Companies either manage the process manually or outsource to a service-led travel agent which is inefficient and expensive. Roomex is transforming this market providing SME’s with a one-stop travel management platform, delivering ease and efficiency from booking to billing.”
Roomex currently serves more than 50,000 business travellers throughout Ireland and Britain, with clients including Mugraves, Dairygold, Kepak, Mitsubishi and Muller.
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