Roomer snags $5 mln Series A


Roomer has secured $5 million in Series A funding, Disruptive led the round with participation from other investors that included BRM Group. Roomer is an online marketplace that lets travelers buy and sell non-refundable hotel reservations.

PRESS RELEASE

NEW YORK, NY — November 25, 2014 — Roomer (https://roomertravel.com), the online marketplace that allows travelers to buy and sell non-refundable hotel reservations, announces today that it has raised a $5 million Series A round. The capital was led by Disruptive, a privately held venture fund, and was backed by existing investors including BRM Group. The funding will be used for growth initiatives such as hiring, geographic expansion, development of new verticals, mobile development, improved business analytics and marketing.

“Roomer is focused on creating the most unique hotel inventory by helping travelers who can’t use their hotel reservations – and connecting them with travelers who are looking to find an amazing deal ,” says Gon Ben-David, cofounder and CEO of Roomer. “Every day, in the U.S. alone, more than 200,000 rooms are cancelled, resulting in more than $8 billion lost annually. Roomer gives travelers the power to take advantage of affordable rates, and the option to sell their rooms if plans change. We’re catering to daily human occurrences and filling a major need.”

Roomer’s marketplace creates opportunities for buyers, sellers and hotels alike:
Those who hold non-refundable reservations, and who would otherwise be stuck with frozen, non-fungible assets, can sell them at a discounted but fair price
Both leisure and business travelers can book more affordable rooms rather than using traditional booking platforms
Hotels can increase revenue and improve management and customer satisfaction while reducing customer support costs

In addition to listing rooms from individual travelers, Roomer will allow others who hold non-refundable rooms, including meeting and convention planners, to post their availabilities. On special occasions, when hotels have high-value inventory, Roomer will also accept those rooms to offer more inventory to travelers. Roomer aims to bring use for non-refundable rooms as well as transparency to the hotel booking process by providing its users an authentic and secure way to exchange travel rooms. Roomer saves the average buyer more than $200 and the average seller nearly $300.

“At Disrupt-ive, our mission is to identify and support forward-thinking, groundbreaking opportunities – Roomer is exactly that,” notes Tal Barnoach, General Partner at Disruptive. “The Roomer team has proved their model. They have the experience, know-how, and passion to shake things up, and we’re certain their new model will become the essential, go-to platform for those seeking travel value.”

For more information about Roomer, please visit: https://roomertravel.com/

For screenshots and assets, please access: Roomer image assets

About Roomer
Entrepreneurs Gon Ben-David and Ben Froumine founded Roomer in 2011 as a response to the 200,000+ hotel rooms cancelled daily in the US resulting in $8 billion lost annually. Roomer is transforming the travel industry through its rapidly growing secondary marketplace for buying and selling non-refundable hotel rooms. Travelers have the security to book lower-cost, non-refundable rooms with the knowledge that they can be resold should plans change, while buyers have access to exclusively-priced hotel rooms that were previously unavailable. And hotels benefit from enhanced revenue opportunities. For more information about Roomer, please visit: roomertravel.com.

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