Former Booking.com CEO invests in Holidu as vacation rental company turns profitable
Holidu, one of the fastest-growing travel tech companies worldwide, today announced that former Booking.com CEO Kees Koolen has invested more than €4 million into the company from his personal fund as part of a €5 million extension to the €40 million Series C round of the previous year.
The funding follows a period of accelerated growth for Holidu in spite of the general turbulence in the travel market due to the COVID-19 pandemic. The company turned profitable in May and since then generated seven-digit positive EBIT figures.
In July alone, more than 27 million users visited the Holidu website, resulting in a 2.6x growth in year-on-year bookings and more than €130 million of newly generated bookings that month.