TLDR:
Bob W, a tech-forward hospitality company, has raised €40 million ($43.11 million) in a Series B funding round led by Finnish venture capital company Evli Growth Partnership. The funding will be used to develop Bob W’s technology, recruit top talent, and expand across Europe. In addition to providing seamless digital customer service, Bob W is committed to sustainability and aims to achieve climate net neutrality. The company has launched a campaign to encourage transparency and honesty in reporting greenhouse gas emissions in the hospitality industry.
Bob W has raised €40 million ($43.11 million) in a Series B funding round led by Evli Growth Partnership. The funding will support the further development of Bob W’s technology, recruitment of top talent, and expansion across Europe. The company currently operates full-service aparthotels in 10 countries and 17 cities.
Bob W is a tech-forward hospitality company that offers seamless digital customer service through its technological support and apps. The company aims to provide locally-rooted, seamless travel experiences while maintaining high standards and professional operations in the short-term rental segment. Bob W combines authentic local design with technology to create a modern, comfortable home-like experience for guests.
Bob W is committed to sustainability and has launched the ‘Show Us Your Numbers’ campaign to promote transparency and honesty in reporting greenhouse gas emissions in the hospitality industry. The company offsets the emissions of every stay and aims to achieve climate net neutrality. Bob W emitted 29 kg (CO2-eq/guest night) of carbon emissions per guest night in 2022, lower than the average hotel’s emission of 40 kg (CO2-eq/guest night) in 2021.
Bob W’s latest funding round is the largest investment the company has received so far, following a previous total funding of €22.5 million ($24.25 million). The investment signifies confidence in the company’s growth and market-leading customer satisfaction. Bob W’s investors include Evli Growth Partnership, Supercell’s Mikko Kodisoja, and other growth capital investors and European entrepreneurs.
Bob W plans to use the funding to further develop its technology, recruit top talent, and expand across Europe. The company aims to continue providing seamless travel experiences while promoting sustainability and transparency in the industry. The successful funding round demonstrates that top-performing companies can still attract investment, even in challenging times in the capital markets.
