Quendoo proudly announces second round of funding for 1 Million Euros.

It has been a hectic 18 months since we launched sales. Quendoo has contracted more than 30,000 hotel rooms and achieved more than 7 million Euros monthly gross transactions, making it amongst the fastest growing platforms in the sector. Our growth has not gone unnoticed; we are proud to announce fresh funding from the Capital Investment Fund (part of the Bulgarian Development Bank) in conjunction with our original backers, Vitosha Venture Partners.

Quendoo is saving millions of Euros for its European customers, efficiencies we plan to share with thousands more hotels. This funding will see Quendoo prioritise its aggressive European expansion plans and accelerate its development of innovative hospitality tools. Co-Founder Christophe Gater, said

'we clearly see what the market needs and we're determined to fulfil that demand - the way guests book travel continues to change and so must the tools hoteliers use to interact with those guests. This funding gives us real opportunity to play a significant part in this shift, its exciting times for all at Quendoo'.

Co-Founder, Gorian Varbanov, added 'these funds will enable us to accelerate the growth of revenue of our clients, it will empower them to prosper in the new era of cloud and AI hospitality technologies. Stay tuned'.

Quendoo currently services most of the largest hotel groups in the Balkans with optimisation tools. CEO of DIT Hotels, Mihail Popov, said that 'this year, Quendoo’s tools will save us no less than 300,000 Euros, and in 2025 we plan to increase that to 700,000 Euros'.

About Quendoo:

• Quendoo’s cloud-based SaaS offers hoteliers, tour operators and travel agents a range of hospitality tools
• Operators can grow revenues and profitability by creating their own ‘tech stack’ to optimise their value chain, retain revenue share and improve guest experience
• Quendoo offers a suite of cloud-based tools, built in-house and integrated with third-parties such as Google Hotels and Opera (Oracle). Tools include a booking engine and channel manager, alongside other integrated systems.