- -NUMA: 500% revenue growth, over 2,500 units, booking occupancy 85% despite
COVID, 230% above market average across Europe
- -NUMA's innovative model proves resilient amid challenging market conditions in
- -Lead investor DN Capital, co-lead Headline and investors Soravia, Cherry
Ventures, Scope Hanson, and Kreos Capital accelerate NUMA’s strong growth
Berlin / Madrid / Milan – Feb 8, 2022 – NUMA Group (www.numastays.com, previously
known as COSI Group), the leading European digital hotel operator and technology
developer, has raised additional $45 million growth capital in a new funding round to further
expand its business. The company provides disruptive design hotels for modern travelers.
NUMA has been highly successful in operating more than 2,500 units in A-list European
cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona, and Vienna, under the
claim "bring some soul to travel".
NUMA partners with investors, property owners, developers, and hotel operators to create
innovative technology-based operator solutions. NUMA's proprietary technology stack
increases profits by up to 40% for hotel operators through automated business processes,
intelligent pricing, and higher occupancy rates.
Germany-based NUMA Group successfully expanded into Spain, Italy, Austria, and the
Czech Republic in 2021. NUMA achieved 85% booking occupancy of its 2,500 units in
Europe, a stark contrast to the industry-wide decline caused by the pandemic.
NUMA outperformed the market average for traditional hotels by 230% of booking
occupancy during the pandemic, according to benchmarking solution Fairmas. The new
strategic business unit NUMA Go, a technology franchise solution for hotels, already
convinced numerous hotel operators to adopt its technology in its first year. NUMA Go is an
all-in-one solution supporting the hotel industry in adapting flexibly to the new market
conditions and significantly reducing costs.
The new lead investor of NUMA Group is DN Capital Group, one of the most successful
global technology investors who previously backed Auto1, HomeToGo, and Shazam. The
co-lead investor is Headline. Existing investors Cherry Ventures, Soravia, Kreos Capital,
TruVenturo, and Scope Hanson are also participating in the new and oversubscribed $45
million financing round.
Christian Gaiser, CEO, and co-founder of NUMA Group explains: "Our clear goal is to
establish NUMA as the dominant technology and creative solution provider for a completely
new generation of hotels in Europe. NUMA used the pandemic to prove the resilience of its
business model. We achieved 500% revenue growth and 85% booking occupancy despite
Corona using our NUMA concept and proprietary technology." Gaiser adds, "We will use the
fresh capital to offer even more NUMA hotel rooms and expand our technological lead
across Europe rapidly – we will also expand the NUMA Go business unit.”
Nenad Marovac, Founder and Managing Partner of DN Capital Group, European Midas List
Investor and Board member at NUMA: "We are very impressed by NUMA's strategy,
performance and its consistent expansion in a very challenging market environment. The
team behind NUMA has consistently achieved high occupancy rates and sustainable
profitability of its units despite Corona. NUMA's business model offers an attractive risk-
reward profile for real estate partners, operators – and, most importantly, a completely new
travel experience for modern travelers. We believe NUMA’s disruption technology will
fundamentally change the hotel industry."
Christian Miele, Partner at Headline, President of the German Startups Association, and
German Startup Investor of the Year (Handelsblatt): "Demand is clearly shifting from
traditional hotel offerings to NUMA's product category. NUMA is very capital-efficient in
developing a new, disruptive hotel category that is tailor-made to meet the demand of
Millennials and Gen-Z. As early investors, we are therefore very excited to continue
supporting NUMA in its next phase of growth."
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Berlin-based NUMA Group is the leading European digital hotel operator and technology developer. The company provides disruptive design hotels for modern travelers. A trusted partner for investors, owners, and developers, NUMA uses proprietary technology-based operating solutions that largely automate operations and increase cost efficiencies and revenues. NUMA successfully operates over 2,500 units in European A-cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona, and Vienna.
DN Capital is a leading European early-stage venture capital firm with operations in London, Berlin,
and Silicon Valley. The firm focuses on Seed, Series A, and select Series B investments in software, fintech, marketplace, and consumer internet. DN Capital’s mission is to support entrepreneurs in
creating global category leaders. DN was an early backer in companies such as Shazam, Endeca,
Auto1, GoStudent, Jobandtalent, Mister Spex, HomeToGo, OLX, Remitly and Quandoo.
Headline (formerly eventures) is a Venture Capital firm actively on the ground in 7 cities around the world. The Firm invests across geographies, leading rounds at every stage. Once we commit to a
team, we go to the ends of the earth to make their success global.
Our Early Stage Funds are based in the US, Europe, Asia, and Brazil, and invest locally. Our San
Francisco-based Growth Fund invests globally from Series B and beyond, working in collaboration
with our Early Stage Teams. The sizes and locations of these funds make it possible for us to see
local trends up close, identify winning founders, and lead rounds at every stage. Sonos, The
RealReal, Creditas, Sorare, Pismo, AppFolio, goPuff, Acorns, Farfetch, Segment, Bumble, and
Yeahka are among the stars in Headline’s world.
SORAVIA is a growth-oriented and owner-managed family business. For over 140 years, the name
Soravia has stood for continuity in the construction and real estate business. SORAVIA concentrates on the business areas of urban development, privately financed residential construction, commercial projects, subsidized residential construction, hotel developments, and the revitalization of listed properties.
SORAVIA complements its core business of real estate project development with service companies in facility, property, and asset management. Besides, SORAVIA holds stakes in the auction house Dorotheum and the hotel group Ruby Hotels.
With over 600 completed projects and a project volume of over EUR 6.3 billion, SORAVIA is one of
the leading real estate project developers in Austria and Germany. With all its holdings, SORAVIA
employs around 3,300 people.
Cherry Ventures is an early-stage venture capital investor founded and led by a team with extensive experience in building fast-growing companies, such as Zalando and Spotify. The fund invests in top founders across Europe, typically as their first institutional investor, and supports them from go-to-market strategy to scaling their companies. Cherry Ventures has invested in the seed stage of over 75 companies across the UK and continent, including Flink, FlixBus, AUTO1 Group, Flaschenpost, Infarm, SellerX and Forto. Cherry Ventures is headquartered in Berlin and has local presence in Stockholm and London.
NUMA Group Headquarters, Europe
Joachim M. Guentert
D - 10117 Berlin
Tel.: +49 (0)30 25555 3846