What is Fornova?
Fornova specializes in delivering tailored Business Intelligence solutions designed to empower businesses within the global travel and hospitality industry. The company's core offerings focus on enhancing distribution strategies, stimulating demand, and maximizing revenue streams. Through services such as competitive intelligence, distribution intelligence, revenue intelligence, and e-commerce optimization, Fornova caters to a diverse clientele, including hotels and online travel agencies (OTAs). Leveraging an extensive global data set, the company supports over 20,000 hotels and monitors a wide array of online platforms to boost market visibility and refine operational analytics. With a multinational team, Fornova is adept at managing complex digital distribution and marketing initiatives.
How much funding has Fornova raised?
Fornova has raised a total of $17M across 1 funding round:
Series B
$17M
Series B (2017): $17M with participation from Waypoint Capital, Deutsche Telekom Capital Partners, and JAL Ventures
Key Investors in Fornova
Waypoint Capital
Waypoint Capital is an entrepreneurial private investment firm focused on long-term value creation through active ownership of growth-oriented businesses and partnerships with asset managers. They invest across various sectors including Healthcare, Technology, and Ventures, with a strategic emphasis on Life Sciences and Healthcare.
Deutsche Telekom Capital Partners
Deutsche Telekom Capital Partners (DTCP) is a venture capital firm specializing in digital transformation, investing in digital infrastructure and growth-stage companies in areas like Cybersecurity, SaaS, AI, and Robotics, managing over 3 billion euros in assets.
JAL Ventures
JAL Ventures is a venture capital firm that provides expansion capital to early-revenue Israeli technology companies, particularly in the B2B and enterprise markets, focusing on solutions with high scalability potential.
What's next for Fornova?
The substantial enterprise-level funding, highlighted by the recent strategic investment, positions Fornova for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its Business Intelligence platform, enhance its data analytics capabilities, and broaden its reach within the competitive travel and hospitality landscape. The company is poised to deepen its impact on how hotels and OTAs manage their digital presence, optimize revenue, and gain a competitive edge through advanced insights.
See full Fornova company page
