NUMA Group’s innovative technology-based operator solutions are attracting significant investment, allowing the company to expand its digital hospitality platform across Europe.
Berlin-based hospitality brand NUMA Group has recently raised $59 million in a Series C funding round. The funding was led by Verlinvest and included participation from Cape Capital and existing investors such as Headline, Cherry Ventures, DN Capital, and Soravia. NUMA Group, which operates in the space between traditional hotels and short-term rentals, plans to use this funding to further develop its proprietary technology and expand its digital hospitality platform across Europe.
NUMA Group, founded in 2019, currently has over 4,500 rooms and apartments in 10 countries across 28 cities in Europe, including popular destinations like Berlin, Rome, Milan, and Barcelona. The company’s properties offer a unique combination of hotel-like services, such as consistent quality and 24-hour guest service, with the conveniences typically found in short-term rentals, such as larger rooms with kitchens, city center locations, and fast WiFi. The entire guest experience, from bookings to check-in and check-out, is fully digital, with customer service available via WhatsApp.
NUMA Group positions itself as Germany’s leading technology provider in the short-term rental sector. Its proprietary technology stack reportedly increases profits for hotel operators by up to 40% through automated business processes, intelligent pricing, and higher occupancy rates. The company has already achieved significant success, operating over 2,500 units in major European cities like Berlin, Munich, Rome, Milan, Madrid, Barcelona, and Vienna.
The recent funding round saw the addition of new investors, including Verlinvest and Cape Capital, while existing investors like Headline, Cherry Ventures, DN Capital, and Soravia also participated. Christian Gaiser, CEO and co-founder of NUMA, expressed the company’s mission to create a new category in the hospitality industry that meets the needs of modern consumers. With the additional financial firepower, NUMA Group aims to unlock more top-notch locations across Europe and create a better connection between guests and the cities they visit.
NUMA Group’s success is attributed to its innovative use of technology, pricing tools, and anonymized data, which contribute to operational savings through process automation and higher revenues through smart pricing and utilization maximization. This approach results in more sustainable growth and higher structural profitability than the industry average. The company’s recent partnership with LaSalle Investment Management and its strategic acquisition, refurbishment, and management of a €500 million portfolio of properties around Western Europe further demonstrate its ambition to transform the European hotel industry, which is valued at over €100 billion.
In conclusion, NUMA Group’s recent $59 million investment will enable the company to continue developing its technology-based operator solutions and expand its digital hospitality platform across Europe. With its unique blend of hotel-like services and short-term rental conveniences, NUMA Group is well-positioned to meet the needs of modern travelers. The company’s focus on technology, pricing optimization, and utilization maximization sets it apart from traditional players in the industry and contributes to its success. As NUMA Group continues to grow, it aims to create a better connection between guests and the cities they visit, providing a seamless, digital, and exclusively mobile-organized travel experience.