Catanoxthe Amsterdam-based start-up, which facilitates direct B2B distribution of accommodation and travel payments, raised $ 5.7 million in the starting round.
Investors in the circle include Rappi and Yuno co-founder Juan Pablo Ortega; Jan Jost Kalf, co-founder of fintech Dimebox and current co-founder and CEO of Found; and Bas Blommaart, founder of iTesso Hospitality Technology.
Along with this increase, Katanox has appointed Senior Vice President of Expedia Media Solutions Rob Torres as CEO. Torres returned to Expedia Group last month after more than 15 years at Google as managing director of Google Travel.
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Torres will work with Katanox to facilitate partnerships with global hotel brands.
“I am very excited to expand my relationship with the team and apply best practices from the B2B distribution advertising industry to the hospitality industry,” said Torres.
“The Katanox team is building an intriguing set of solutions to provide the transparency needed for the open distribution era.”
Founded in 2020, Katanox brings together accommodations so travel management companies and other vendors can create a simplified experience for corporate customers to search, book, pay and change reservations.
The company says it is “streamlining and improving the distribution of travel accommodation, which has historically been controlled by online travel agencies, global distribution systems and legal banks.” later “to create new revenue opportunities for its partners.
Katanox says it will use the funding to expand internationally and further develop its platform and integrate with CRS, PMS and payment service providers.
“Necessarily, we have seen a lot of progress and improvements in the tourism sector, stimulated by technology and digitalization. However, when it comes to accommodation, secure intermediaries are the ones who control the market and stifle growth, ”said Mendel Senf, co-founder of Katanox.
“We are making the much-needed change in the market by putting power back in the hands of accommodation providers, enabling them to control their own destination through the Katanox platform.”
Prior to this round, Katanox raised $ 1 million in pre-recharge funding.