AltoVita founders Vivi Cahyadi Hinmel and Karolina Saviova | Image credit: AltoVita
AltoVita, a London-based platform that empowers companies with a human-centric approach to the accommodation sector, announced Friday that it has raised $9.5 million (around €9 million) in an oversubscribed Series A round. The company aims to provide a smart, safe and sustainable life for its employees around the world.
The company is attracting investment in a market where less than 2% of venture capital funds will be invested in women-owned businesses in 2022.
this investor
The investment was co-led by Novum Capital Partners and Fifth Wall.
Novum Capital Partners is a multi-family office based in Geneva. The company, whose AUM holds over his $2.5 billion in assets, works closely with 20 ultra-high net worth (UHNW) families across Europe.
Founded in 2016, Fifth Wall is a Certified B Corporation. It claims to be the largest technology-focused venture capital firm for the global real estate industry. With approximately $3.2 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest property owners and operators with the entrepreneurs who are redefining the future of Bilt His World.
capital utilization
AltoVita will provide 2.5 million properties for 35,000 businesses and employees to support its 2023 ambition to “transform the tech landscape and create the largest corporate lodging inventory.” He said he would use the funds.
AltoVita CEO and Co-Founder Vivi Cahyadi Himmel said: – led the round.
“Our partnership with Fifth Wall opens up huge real estate opportunities to provide unique inventory to meet the demands of businesses around the world. This fundraiser will go a long way as we continue to build a tech powerhouse that enables us to attract the best talent in technology and products.”
Strengthening the corporate accommodation sector
Founded in 2018 by Vivi Cahyadi Hinmel and Karolina Saviova, AltoVita was born out of a lack of options available to corporate travelers and the aim to standardize the corporate accommodation sector and provide quality assurance. .
The platform offers different asset classes and allows users to search for properties in a safe and environmentally friendly way. The goal is to use flexible, information-enhanced, scalable and data-driven technology to power the entire lodging ecosystem, whether for business travel or international travel.
Our customizable platform gives you instant access to a diverse network of over 1 million housing options worldwide. This includes serviced apartments, professionally managed residences, aparthotels and co-living, which can be sorted by desired amenities, pet friendliness, sustainability scores, and more.
All properties on the AltoVita platform have a thorough review and verification process to ensure compliance and duty of care. The company says the process is supported by an extensive four-tier quality management system and a dedicated customer success staff. The company’s capabilities include end-to-end housing management with data analytics and market intelligence tools, policy building, and financial management.
Today, 165 countries and 1,553 cities expand AltoVita’s global reach, including Singapore, Dallas and Bangalore. The company’s customers include Hewlett Packard Enterprises, Google, and US government agencies.
