• Numa

  Participated · Equity · Sep 2023

  numa, formerly Cosi, is a Berlin-based digital hospitality startup founded in 2019 that rents rooms and apartments to short-term travelers. The company operates like a classic hotel chain but omits services such as breakfast and a staffed reception to streamline operations. Founders include Christian Gaiser, Dimitri Chandogin, Gerhard Maringer and Inga Svinhufvud Laudiero. numa raised $59 million in a financing from Verlinvest, Cape Capital and existing investors, and was valued at around $300 million according to Handelsblatt. Management says it will use the additional network and financial firepower to grow its digital hospitality platform to run both serviced apartments and hotels. Prior to this round the company had previously raised $45 million from investors including DN Capital, Headline, Cherry Ventures, Soravia, Kreos Capital, TruVenturo and Scope Hanson. NUMA Group is a boutique hotel technology platform that partners with investors, property owners, developers and hotel operators to create technology-enabled units and manage them via a full-stack hospitality offering. It operates roughly 2,500 units across Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna and expanded into Spain, Italy, Austria and the Czech Republic in 2021. NUMA's platform automates business processes, applies intelligent pricing and aims to increase occupancy and operator profits. It also offers “NUMA go”, a tech-franchise solution that provides third-party hoteliers with its tech stack for a percentage of revenue. The company used the pandemic to prove its model, reporting 500% revenue growth and 85% booking occupancy. Leadership has stated the goal of establishing NUMA as the dominant technology and creative solution provider for a new generation of hotels in Europe.

• COSI Group

  Participated · Equity · Mar 2021

  Cosi Group offers a tech-enabled, ‘full-stack’ hospitality service that competes with boutique hotels and managed short-stay apartments by signing long-term leases, furnishing units, and digitizing/automating the guest journey. The company focuses on midstay guests (stays of one month or longer) and says it reached over 90% occupancy during the pandemic, operating locations on a cash-flow-positive scale. Cosi reports 750 units under contract and a further 1,500 under negotiation. It has benefited from increased supply opportunities, including underperforming hotels and potential office-to-midstay conversions. Cosi plans to use the new capital to accelerate international expansion in Europe, implement a new brand, and launch a new strategic business unit soon. Cosi is developing a full-stack hospitality brand that signs long-term leases, furnishes apartments, and rents them short-term as a hotel replacement. The company controls the entire guest journey with a consumer-facing digital service and back-end technology for operations. Founders are Christian Gaiser (CEO, formerly founded Bonial.com), Dimitri Chandogin (co-founder of Doc+), and CTO Gerhard Maringer (background in fintech and built ForexFix). Cosi targets tourists who want local, well-designed stays and business travelers needing multi-week or multi-month accommodations. The startup says it will use technology to drive housekeeping, maintenance, yield management and other operational tools to create an efficiency edge. Cosi is pre-launch and expects to begin operations in a few months after closing the funding.

No current team members are available.