Lokalee Secures $5.6 Million in Pre-Series A Funding
Lokalee currently boasts a customer portfolio of 250 hotels.
Dubai-based Lokalee, an innovative AI-powered content platform catering to hotels and holiday homes, has raised $5.6 million in a pre-series A funding round.[1]
The investment, led by Crown Private Fund, along with contributions from three strategic investors with a background in hotels and technology, is poised to propel Lokalee's growth and accelerate its product development initiatives.
Lokalee plans to leverage the funds to intensify its efforts in product development and strengthen its position as a leading player in the hospitality tech sector.
It currently boasts a customer portfolio of 250 hotels.
In 2023, Lokalee expanded its footprint into Austria, Germany, and Saudi Arabia.
Lokalee seamlessly integrates AI technology with curated data provided by humans, promising users a unique and personalized travel experience that combines the best of both worlds.
Lokalee, founded in 2019 by Samir Abi Frem, operates as a business-to-business (B2B) content platform tailored specifically for hotels and holiday homes.
The platform's primary goal is to enhance guest interactions, streamline operations, and unlock potential client revenue streams.
Trusted by over 200 brands across 20 countries, Lokalee's platform has already been implemented by leading hotel groups such as Movenpick, Sheraton, Rotana, Sofitel, Hilton, and Millennium.