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Three Million Euro for the Digitalization of Hotel Rooms with SuitePad

Munich, February 02, 2016: Berlin-based SuitePad GmbH (www.suitepad.de) announced a three million Euro financing round today. SuitePad provides hotels with a digital connection to their guests during their stay. The round was led by new investor Target Partners (www.targetpartners.de), and was supported by existing investors HW Capital (www.hwcapital.de), Kizoo (www.kizoo.com), and VC Fonds Technologie Berlin, a fund managed by IBB Beteiligungsgesellschaft (www.ibb-bet.de).

SuitePad is a tablet-based solution for hotels that unites the guest directory, newspapers, restaurant menu, and other in-room paper-based items on a single tablet in the hotel room. The tablets integrate with both hotel property management systems and SuitePad’s cross-property SaaS platform. Guests also benefit from touch-to-order room service, spa offers, or booking of local events through their SuitePad. Hotels can interact with their guests in real-time through messaging, promoting special offers, and gathering feedback. SuitePads even replace hotel room phones. The company will use the fresh capital to expand their international sales team, and introduce new features to enhance interaction between guests and hotels, offer more entertainment options, and optimize hotel workflows.

Already in more than 200 hotels with more than 10,000 hotel rooms

Moritz von Petersdorff-Campen, SuitePad co-founder and managing director, said: "The hotel industry has successfully digitalized the pre- and post-stay guest experiences, but continues to use paper-based communication for the most important segment: during the stay. Our goal is to help hotels bring the during-stay guest experience to the 21st century.“

"We’ve been impressed with the team, their international growth in 2015 and the market potential worldwide. SuitePad provides a much needed solution for hoteliers to enhance their guests’ stay,“ explained Berthold von Freyberg, Partner at Target Partners.

SuitePad was founded in 2012 by Moritz von Petersdorff-Campen and Tilmann Volk. SuitePads can already be found in over 200 hotels with more than 10,000 rooms across Europe. Outside of Europe, the company recently added the first hotels in Asia and South America to its growing list of customers.

Videos

https://www.youtube.com/user/SuitePad

Images

High-resolution images are available at http://www.sprachperlen.de/target-partners-suitepad

About SuitePad

SuitePad was founded in 2012 by Moritz von Petersdorff-Campen and Tilmann Volk in Berlin. The company develops innovative tablet-based communication solutions for the hospitality industry. Guests are able to book hotel services directly through their in-room tablet with the touch of a button. Additional entertainment features like news, music and videos are also accessible. SuitePad is pioneering the during-stay guest experience, and brings hotel rooms to a whole new level. More at: www.suitepad.de.

Press contact SuitePad

SuitePad GmbH Moritz von Petersdorff-Campen Christinenstraße 5, 10119 Berlin Tel.: +49 (0) 30 692039752 Email: info@suitepad.de

About Target Partners

With €300 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.

For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or Facebook: facebook.com/targetpartners.

Press contact Target Partners

Sprachperlen GmbH Agency for enterprise communication Helena Pröpster Ehrengutstraße 5, 80469 Munich Tel.: +49 89 411 53 199 Email: targetpartners@sprachperlen.de

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