Climber is a Revenue Management Software for small hotel chains.
Business Model: SAAS
Revenue: $3.4M
Employees: 11-50
Address: Rua Dom Luís I 3
City: Lisboa
State: lisbon district
Zip: 1200-149
Country: PT
Climber is a Revenue Management Software (RMS) for small hotel chains. We provide intelligent pricing for the hospitality industry, helping hotels maximize revenue with an automatic and self-learning software that detects opportunities and takes immediate actions. Climber taps into a hotel’s existing reservation system and puts its machine learning to work by not only considering the historical data of the hotel but also the market demand (air traffic, local events, weather forecast, online reputation). We have an exceptional team of 14 strong individuals (9 nationalities) with complimentary skills from Data Science, Engineers, Sales to Marketing. Everyone is operating in-person from our offices in Lisbon. A complimentary mix of hustling, Revenue Management expertise and Data Science/Mathematicians. There is a growing demand for accommodation globally and that&s;s particularly obvious in most city hotels who are often fully booked. Managing the existing inventory and maximizing the profit is a key challenge of small hotel chains today since technology has had limited impact. From the software stack perspective a hotel typically should use three types of software (PMS + Channel Manager + RMS) and we understood that for hotels that have the need to optimize their revenue it&s;s impossible without data driven software. We understood as well that there is a big gap in the hotel space since small hotel chains don&s;t have access to accessible Revenue Management Systems. Due to the lack of financial capacity and know-how on how to use the current complex and expensive Revenue management systems on the market, small hotel chains end up doing daily analysis on spreadsheets that are both time-consuming and information-poor resulting in making decisions that leave hotels running below their full revenue potential. Climber tackle the needs of small hotel chains by providing an accessible solution that is easy to use, fast to integrate and automated, replacing the manual labor on daily analysis and reporting that before was costing the hotels a massive amount of time.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2019 | Pre Seed Round | 1 | - |
Loyal VC Loyal VC |
2/2018 | Pre Seed Round | 2 | $430.4k |
Innovation Nest Olisipo Way Innovation Nest Olisipo Way |
2/2016 | Pre Seed Round | 3 | $111.6k |
Rising Ventures Seedrs Startup Lisboa Rising Ventures Seedrs Startup Lisboa |
7/2005 | Pre Seed Round | - | 11/2019 | Seed Round | 1 | - |
TheVentureCity TheVentureCity |
11/2019 | Seed Round | 1 | - |
TheVentureCity TheVentureCity |
4/2019 | Pre Seed Round | 1 | - |
Loyal VC Loyal VC |
7/2005 | Pre Seed Round | - |
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