Zuzu Hospitality Raises $5.9M to Boost AI HotelTech in Asia

Zuzu Hospitality, a technology provider to hotels, closed a US$5.9 million Series B extension round with backing from Wavemaker Growth, Vulpes Ventures, Velocity Ventures, and Latin Leap.

Founded in Singapore, the company aids independent hotels in Asia with its flagship product RevMate, an AI-powered revenue management solution.

RevMate utilizes proprietary hotel datasets derived from over 3,000 independent hotels to facilitate informed room pricing; automate hotel revenue management decisions; and better performance.

Traditionally, next-generation hotel management tools have only been available to large hotel chains capable of making these investments.

Key Highlights

Zuzu Hospitality secured US$5.9M in a Series B extension to expand its AI-powered revenue management platform, RevMate.
RevMate leverages data from 3,000+ independent hotels to optimize pricing, automate revenue decisions, and boost profitability.
The funding will accelerate adoption across Asia, helping independent hotels access enterprise-level technology typically reserved for large chains.

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Zuzu wants to change that so that small, independent hotels can use the same technology to compete with fuel the rapidly evolving and competitive hospitality technology market.

Using an AI-driven hotel platform, hotels can make smarter decisions about pricing and inventory based on data; leading to improved profits and decreased reliance on manual approaches to pricing and selling rooms.

The company intends to use the new funding, to accelerate RevMate's usage throughout Asia; as the company responds to the emerging hotel technology trends and pressing demand for digital transformation.

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Zuzu wants to close the technology divide between large hotel companies and independent hotel operators so independent hotels can use enterprise-level hospitality solutions to improve their operations and revenue generation.