Dib Hotel secures $1.2M more from existing investors.

Dib Hotel, a a Stockholm, Sweden-based company managing a digital platform aggregating hotel deals, secured SEK 10.5M ($1.2M) in capital investment.

The deal was made at SEK 53M pre-money valuation and was supported by existing investors, including 41an Invest and Oscarson Invest.

Dib Hotel, founded in 2015 by Timothy Walentynowicz and Fredrik Jones, has developed an online system that aggregates the unused hotel inventory and makes it available via a bidding system.

The company has offices in Stockholm, Malmo, Belgrade and Milano and, excluding this capital funding round, raised about $1.5M.