- German accommodation booking platform Numa Group has raised $59 million in fresh funds.
- Oatly and Vita Coco investor Verlinvest led the Series C round.
- Numa plans to use the new capital to fund its European expansion.
Numa Group, a German Airbnb competitor, has raised $59 million in a round led by Oatly and Vita Coco investor Verlinvest.
The Berlin-based startup, founded in 2019, has created an accommodation booking platform that digitizes various aspects of the hospitality industry, such as room bookings, online check-in and checkout, and customer service.
It also aims to combine traditional hotel features such as luggage storage with the flexibility of short-term rentals. Numa’s platform features over 4,500 rooms and apartments in 28 European cities including Madrid, Berlin, and Rome.
“We have created a hybrid model between hotels and Airbnb, combining the best of both worlds and providing better travel options for Gen Z and millennials,” Numa CEO Christian Gaiser said in an interview with Insider.
Consumer-oriented growth fund Verlinvest led the round, with existing shareholders including Headline, Cherry Ventures, DN Capital, and Soravia also participating. Due to an existing relationship with Verlinvest, Numa did not use a pitch deck to close the funding, which took about six months.
“We could have been profitable without financing round but wanted to keep up our growth,” Gaiser stated. “There’s a real opportunity to build a European champion in this category.”
Numa intends to use the additional funds to expand to 15,000 rental units throughout Europe.