DIB Hotel raised SEK 12M from Percy Nilsson and other investors.
Dib Hotel, a Stockholm, Sweden-based company providing a software solution for companies looking to administer travel operations, completed a SEK 12M ($1.3M) capital investment round.
Dib Hotel, led by CEO Christian Råsmark, was founded in 2015 by Timothy Walentynowicz and Fredrik Jones as a provider of an online system that aggregates the unused hotel inventory and makes it available via a bidding system. The company has since pivoted and started offering B2B SAAS helping companies manage the booking and travel expense process.
Prior to this deal, Dib Hotel raised almost $3M.