Midnightdeal is a technology company.
Midnightdeal has raised $580K across 1 funding round.
Midnightdeal has raised $580K in total across 1 funding round.
Midnightdeal has raised $580K in total across 1 funding round.
Midnightdeal's investors include Acrobator Ventures, Altaclub VC, Altair Capital Management, Sequoia Capital, TCV, Alex Kayyal, Bradley Horowitz, Dan Springer, Howie Liu.
Midnightdeal is Europe's leading mobile-first gamified hotel marketplace, enabling users to book premium hotels at a price of their choice.[1][3][5] Targeting Millennials and Gen Z—the world's largest travel generation—it serves over 100,000 registered members with a 40% retention rate over six months, generating over €4 million in online revenues and maintaining a 4.6/5 Trustpilot rating from 1,200+ reviews.[1] The platform solves the problem of inflexible pricing in travel booking by letting travelers name their price while helping hoteliers fill untapped inventory through advanced yield technology, with over 70% of bookings on mobile and continuous revenue growth even during COVID.[1][4]
Incorporated on June 19, 2017, in Vienna, Austria, Midnightdeal launched in the Austrian market in 2018, expanded to Germany in 2020, and entered the Czech market in 2021.[1] Led by a senior team with experience from Tripadvisor, Expedia, and lastminute.com, the company emerged to exploit €20 billion in annual untapped hotel liquidity via gamified bidding.[1][3][4] Early traction included serving over 15,000 customers and achieving 200% revenue growth through the pandemic, scaling to over 500 hotels and 100,000 newsletter subscribers.[1]
Midnightdeal rides the wave of digital travel recovery post-COVID, capitalizing on mobile-first habits among Millennials and Gen Z who prioritize experiential, deal-driven bookings.[1] Its timing aligns with surging European tourism and untapped hotel liquidity (€20bn/year), disrupting giants like Booking.com through gamification and yield optimization.[3][4] By focusing on premium B2C in Travel, Leisure & Sport, it influences the ecosystem via high retention, B2B2C revenue, and crowdfunding accessibility, fostering innovation in a sector rebounding with over 2 million hotel rooms.[1][7]
Midnightdeal's crowdfunding push signals aggressive scaling across Europe, potentially expanding to more markets and enhancing AI-driven yield tools amid rising travel tech demand.[1] Trends like mobile personalization and experiential Gen Z travel will propel it, evolving its influence from niche disruptor to major player in gamified hospitality. With proven resilience, it's positioned to capture more of the €20bn liquidity pool, redefining hotel bookings at user-chosen prices.[1][4]
Midnightdeal has raised $580K across 1 funding round. Most recently, it raised $580K Seed in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $580K Seed | Acrobator Ventures, Altaclub VC, Altair Capital Management, Sequoia Capital, TCV, Alex Kayyal, Bradley Horowitz, Dan Springer, Howie Liu |