Back in March, we profiled German startup DreamCheaper, which takes aim at the process of booking hotel rooms by helping travelers to find better rates after they have already made their reservations. At the time, we noted that the company’s founders had supported the project themselves, but we now learn that they have picked up a “seven-figure” sum from a group of notable investors. Holtzbrinck Ventures and Rocket Internet-company Global Founders Capital invested 1 million Euro, while a trio of local angels that includes a former managing director from Kayak Europe, a founder of Swoodoo.de, and the CEO of Hotelscan.com also joined the round.
DreamCheaper opted not to go into great detail regarding their plans for the funding, revealing that they intend to put it towards continuing to develop their product, including rolling out a completely-revamped website, and additional services. Managing Director Leif Pritzel says that one planned move is to increase the number of sources that are linked to their database, which would ostensibly allow them to pass on greater savings to travelers.