In a recent development, Dutch travel startup Bidroom, the Booking.com rival from The Hague has raised €15 million in investment, a couple of months after the new management board took office. With this, Bidroom has raised a total of €16M in funding over 3 rounds. Notably, the names of the investors have not been disclosed yet.
Product development, expansion and overhaul!
As per the company claims, the capital injection will be used for product development since the company is planning to increase its operational capacity to onboard more users and large chain hotels. With that being said, the company entered a new phase with the strengthening of the management back in September.