Quendoo to raise €750k in funding
Quendoo, a Sofia, Bulgaria-based software developer for hospitality operators, announced that it raised €750k ($910k) in capital funding.
The name of the investors were not disclosed and the company says that the deal values it at €5M. Proceeds will be used for business expansion
Quendoo, founded by Gorian Varbanov and Christophe Gater, developed a software platform that enables property owners and hoteliers to take back control of their bookings, payments, marketing and availability.
The tool enables owners to synchronise their choice of marketing channels and recapture revenue from direct bookings, all controlled by the owner from a single dashboard.