Lokalee Raises $5.6 Million in Pre-Series A
Lokalee, a Dubai, UAE-based AI-powered content platform for hotels and holiday homes, has raised $5.6 million in pre-series A funding.
The round was led by Crown Private Fund.
Crown Fund is an investment firm based in Luxembourg. The firm is an institutional special situations fund with a focus on equity and debt situations. The firm invests in majority and minority stakes of scalable corporations through flexible capital. The firm also focuses on acquiring real estate in the hospitality sector.
The investment will support Lokalee's product development and its expansion into European markets.
Lokalee is a B2B, fully customizable content platform for hotels and holiday homes, designed to enhance guest interactions, simplify operations, and increase potential revenue. AI-powered, the interactive platform enables properties to connect digitally with guests from pre-arrival to post-departure. The platform allows guests to browse and book various services and activities provided by the property and the destination, sourced by Lokal Curators and supported by global partners. The plug-and-play white-label SaaS platform can be branded and customized for the hotel or holiday home.
Funding Details
Company: Lokalee
Raised: $5.6M
Round: Pre-Series A
Funding Month: January 2024
Lead Investors: Crown Private Fund
Additional Investors:
Company Website: https://www.lokalee.app/
Software Category: Travel Content Platform