What is Beonprice?
Founded in 2012 and headquartered in Salamanca, Spain, Beonprice leverages Artificial Intelligence to offer a cloud-based Revenue Management system. Its core technology analyzes consumer intent and buying habits to optimize pricing and distribution channels for hotels. This data-centric approach positions Beonprice as a key player in the hospitality tech sector, aiming to enhance profitability for its clients through intelligent price adjustments and strategic distribution insights.
How much funding has Beonprice raised?
Beonprice has raised a total of $5.2M across 2 funding rounds:
Series A
$2.8M
Series A
$2.4M
Series A (2020): $2.8M with participation from Adara Ventures
Series A (2021): $2.4M led by K Fund, The CDTI, IBH, Adara Ventures, and Travel Tech Fund
Key Investors in Beonprice
K Fund
K Fund is an investment firm that focuses on supporting companies and entrepreneurs who are creating innovative technology-based products and services. They invest between 100k to 10M in differentiated ventures, particularly those led by unconventional thinkers and outsiders.
The CDTI
CDTI is the body from the General State Administration that supports knowledge-based innovation, advising and offering public aid for innovation through subsidies or partially reimbursable aids.
Adara Ventures
Adara Ventures invests in ambitious businesses, partnering with founders with vision, courage and the capacity to execute. Focused on early-stage companies and with a European footprint, Adara's portfolio includes companies dedicated to cybersecurity, data applications and infrastructure, devops, hardware components and digital health.
What's next for Beonprice?
The recent major strategic investment signifies a pivotal moment for Beonprice, likely enabling accelerated product development, market expansion, and enhanced AI capabilities. This enterprise-level backing suggests a focus on scaling operations and solidifying its market position within the competitive hospitality technology landscape. Future growth will likely involve deeper integration with hotel systems and further refinement of its predictive pricing algorithms.
See full Beonprice company page
