Lokalee, a Dubai-headquartered tech-driven content platform specializing in hotels and holiday homes, has announced a significant success in its latest funding round, securing $5.6 million in pre-Series A funding.
The funding round, led by Crown Private Fund and joined by three strategic investors with backgrounds in the hotel and technology sectors, will propel Lokalee’s ongoing product development initiatives and support its expansion into European markets.
The influx of capital comes amid Lokalee’s substantial growth, with a current portfolio of 250 hotels actively utilizing the Lokalee solution.
The company has also successfully extended its reach to Austria, Germany, and Saudi Arabia in 2023. Building on this momentum, Lokalee aims to introduce a trip planner that seamlessly integrates AI technology with curated human-provided data, offering users the optimal blend of both worlds.
Lokalee operates as a B2B content platform specifically designed for hotels and holiday homes, with a focus on improving guest interactions, streamlining operations, and maximizing potential revenue. The platform, offered as a customizable white-label solution, enables guests to explore and book various offerings provided by a property and its surrounding destination.
These offerings are meticulously sourced by Lokal Curators and supported by global partners.
Trusted by over 200 brands across 20 countries, Lokalee’s platform has been successfully integrated into renowned hotel groups such as Movenpick, Sheraton, Rotana, Sofitel, Hilton, and Millennium.
Samir Abi Frem, CEO of Advanced Digital Technology and Lokalee, expressed his satisfaction with investor confidence, stating, “We are very pleased with the investor confidence in Lokalee, validating the potential of our platform across the global hospitality industry.
With this new source of funding, we are determined to accelerate our ambitious expansion to optimize the digitization of the guest journey for our customers.”