• Lokalee, the AI-powered content platform for hotels and holiday homes, secures USD 5.6 million in pre-series A funding, led by Crown Private Fund and backed by three strategic investors with expertise in hotels and technology.
• With 250 hotels currently using Lokalee and expanding into Austria, Germany, and Saudi Arabia in 2023, the investment will drive accelerated product development and support Lokalee’s growth in European markets.
• Lokalee’s immediate plans include launching a trip planner that integrates AI technology with curated human data, enhancing guest interactions, and streamlining operations.
Dubai-based Lokalee, an AI-powered content platform for hotels and holiday homes, has successfully secured USD 5.6 million in pre-series A funding, led by Crown Private Fund and featuring contributions from three other strategic investors with hotel and technology backgrounds.
The investment, combined with Lokalee’s ongoing growth, will support accelerated product development and expansion into European markets.
With 250 hotels currently using Lokalee and plans to expand into Austria, Germany, and Saudi Arabia in 2023, the company aims to launch a trip planner that combines AI technology with curated human data for an enhanced guest experience.
Trusted by over 200 brands across 20 countries, Lokalee‘s customizable white-label platform has been implemented at renowned hotel groups such as Movenpick, Sheraton, Rotana, Sofitel, Hilton, and Milleium.
Samir Abi Frem, CEO of Advanced Digital Technology and Lokalee, expressed confidence in the platform’s potential and commitment to optimizing the digitization of the guest journey with the new funding.
“We are very pleased with the investor confidence in Lokalee, validating the potential of our platform across the global hospitality industry. With this new source of funding, we are determined to accelerate our ambitious expansion to optimize the digitization of the guest journey for our customers,” said Samir Abi Frem, CEO of Advanced Digital Technology and Lokalee.”
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.