
Quendoo
Booking engine that allows users to book rooms and other accommodations without having to pay portal commissions.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 Valuation: €0.0 | round | |
* | €1.0m | Early VC | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 33 % | 50 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Quendoo provides a Platform-as-a-Service (PaaS) solution tailored for the hospitality industry, targeting a wide range of clients from single property owners and B&Bs to large hotel groups and international chains. The company was founded in Sofia, Bulgaria, in 2020 by Gorian Varbanov, Christophe Gater, and Tony Vidolov. The founders' journey began nearly two decades prior, rooted in the holiday property business on Europe's southern shores, where they managed hundreds of rental properties and faced challenges with bookings and payments. This direct experience led them to develop their own systems, which eventually evolved into the Quendoo platform.
The company's core offering is a suite of cloud-based tools designed to help hoteliers digitize their operations, increase direct bookings, and grow revenue. This hospitality suite includes a booking engine, a powerful channel manager, a website generator, and a B2B marketplace. The platform enables property owners to synchronize real-time pricing and availability across various marketing channels, including direct website bookings and online travel agencies (OTAs), thereby reducing dependency on third-party portals. Quendoo's tools integrate with major systems like Google Hotels and Oracle's Opera PMS. A key feature is the Quendoo Portal, which allows operators managing diverse portfolios—such as hotels, serviced apartments, and vacation rentals—to display all their availability under a single, brandable search interface for guests.
Quendoo's business model is primarily based on a commission per booking, with the booking engine charge reported at 1.95% per transaction, and no set-up fees or subscriptions. For its B2B marketplace, which connects hotels with tour operators and travel agents, pricing depends on the client's size, location, and integration needs. The company has secured approximately $1.98 million in total funding over two seed rounds. The first round in January 2021 raised $906K, and a subsequent round in June 2024 brought in $1.07 million, led by Capital Investments Fund and Vitosha Venture Partners. Having established a strong presence in Bulgaria, managing over 32,500 rooms and handling millions in monthly bookings, Quendoo launched in the UK market in 2024.
Keywords: hospitality technology, property management solution, booking engine, channel manager, hotel software, vacation rental software, direct bookings, travel technology, revenue management, PaaS, Gorian Varbanov, Christophe Gater, hotel operations, digital transformation for hotels, OTA dependency reduction, B2B travel marketplace, accommodation booking, serviced apartment software, hotel website generator, real-time availability