DreamCheaper
Finds a better deal for your existing hotel reservation and rebooks for you.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
* | €1.5m | Seed | |
| Total Funding | 000k | ||
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DreamCheaper operates as a price optimization service within the online travel market, targeting travelers who have already booked hotel accommodations. Founded in 2014 by Nathan Zielke and Leif Pritzel, the Berlin-based company was established to capitalize on hotel price volatility. Zielke's motivation stemmed from personal travel planning and the realization that hotel prices fluctuate constantly, creating an opportunity for savings. His entrepreneurial background includes starting his first company at 17 and holding positions at Lufthansa and Arthur D. Little.
The service functions by having customers forward their existing hotel booking confirmations, which must have a free cancellation policy, to DreamCheaper. The company's algorithm then continuously scans over a hundred booking portals for a lower price on the identical room. If a cheaper rate is found, DreamCheaper notifies the customer, handles the rebooking process, and cancels the original reservation. This automated price comparison model is designed to save customers an average of 15% on their bookings. The company's revenue model is commission-based; it takes a 20% fee of the amount saved by the customer, ensuring there is no upfront cost for the user.
Throughout its history, DreamCheaper secured approximately $2.68 million in total funding over two seed rounds. Key investors included HV Capital (formerly Holtzbrinck Ventures), Global Founders Capital, and TruVenturo. In early 2018, following a failed financing round, the company entered into insolvency proceedings and was subsequently acquired by an unnamed U.S. investor who intended to continue and expand the service. Later, the company's service offerings expanded to include curated deals on upper-class flights and luxury cruises, indicating a shift towards a broader exclusive travel service.
Keywords: hotel price optimization, travel tech, hotel rebooking, price tracking, automated booking, travel savings, hotel deals, commission-based model, online travel agency, price volatility, travel service, accommodation booking, Nathan Zielke, Leif Pritzel, Berlin startup, travel cost reduction, hotel price alerts, dynamic pricing, travel booking service, accommodation savings
