Close

Cart

Total $0.00

Checkout

Paris, 7th September 2017 - Jolt Capital SAS, an independent and growing private equity firm, regulated by the Autorité des Marchés Financiers (AMF), has announced the investment of €10 million in INTEREL, a leading provider of IoT solutions for the hospitality industry.

Modern hotels deploy interconnected devices and rely on data analytics to optimize performance. INTEREL’s Hotel of Things™ ecosystem enables this by connecting people, devices and data; and with the world’s first online Water Management System and its award-winning Guest Room Management System, INTEREL revolutionizes guest experience, improves operational performance and drives sustainability for hotels.

With customers that include the top-tier hotel chains, INTEREL’s solutions are deployed in more than 30 countries across four continents, and have been used by over 20 million guests. Already the standard for many hotels in the Middle East and Asia’s demanding markets, INTEREL will enhance its geographic coverage and continue investing heavily in its technology and intellectual property through Jolt Capital's support.

This investment reinforces Jolt Capital's growth-specific and technology-centric positioning, which is based on solid experience in identifying and investing in leading-edge companies that are already profitable, and on the verge of accelerated growth.

Jean Schmitt, Managing Partner of Jolt Capital commented, "INTEREL is exactly the type of business we like at Jolt: entrepreneurial, innovative, visionary, responsive to clients and with solid finances. Our investment is to boost the expansion strategy of the business. We believe that their IoT, room and water management systems offer an unrivalled value proposition to hotels, giving INTEREL a genuine pioneering advantage.”

INTEREL’s core technology used in its water and energy management solutions, combined with its IoT platform, is a prime example of the type of ecosystem that can fundamentally change how environments like hospitality are working today.

Florian Gallini, CEO of INTEREL, said: “Jolt Capital has successfully invested in high-growth companies and their niche domain knowledge makes them an exciting strategic partner for us. Jean’s track record as great entrepreneur and technologist was an important differentiator during the fundraising. This investment will fuel our global growth and allow us to continue developing the Hotel of Things™ along with our connectBsmart™ technology, enabling us to connect the physical world of hospitality.”

About INTEREL

At INTEREL we power the modern hotel through our Hotel of Things™ ecosystem by connecting people, devices, and data. With our award-winning Guest Room Management System, the world’s first online Water Management System, and our connectBsmart™ IoT infrastructure, we revolutionize guest experience, increase operational efficiency, and drive sustainability in the hospitality industry. INTEREL is backed by European technology investor, Jolt Capital SAS. With offices across four continents, INTEREL’s solutions are deployed in over 30 countries and have been used by over 20 million guests.

To learn more, please visit: www.interelme.com

Contact: Anne Bleeker

anne@in2consulting.com / +971 4 455 84999

About Jolt Capital

Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven and Skill&You. Jolt Capital is currently managing an excess of €130m. The firm is authorized and regulated by the AMF.

For more information, consult the website www.jolt-capital.com.

Contact: Maryse de Wever

maryse-dewever@jolt-capital.com / +33 6 58 23 27 06

Related News

Indirect Benefits Of LED Conversions

Hotel Operations Platform ALICE Wins the TECHPitch For Most Innovative Hotel Technology at HX 2017

Hospitality Technology Sales & Media Specialist Leigh Sansone Joins ALICE to Continue Company Expansion into the Midwest

Two of Mexico’s Premier Luxury Hotel Groups Trade Their Radios and Spreadsheets for a Technology Platform

Interview: StayNTouch CEO on How Our Digital Life Has Profoundly Impacted Our Expectations of Everything

The Hotel Owner's Playbook for Choosing the Right Technology Systems

INTEREL Appoints Alana Witte as VP Global Key Accounts

Guests At The Greenwich Hotel Have A New Way To Get In Touch With The Front Desk

How Hotel Technology Helps This Historic Hudson Valley Inn Do Everything From Feeding Their Geese to Turning Their Rooms

The Big Hotel Technology Debate: One-Stop Shop vs. Best-of-Breed

HEBS Digital Wins 5 WebAwards for Industry-Leading Technology and Design

How to Keep the Heart of Your Hotel Beating

PMS Software Evaluation Scorecard Ensures Hotels Can Find Their Ideal Property Management System

Hotel Technology: PMS More "Slow and Quiet" Than "Fast and Furious"

Pegasus Solutions Announces Two New Executive Hires

The Next 12 Months in Hotel Tech

ALICE Announces Acquisition of GoConcierge

ALICE Raises $26 Million Series B Funding from Expedia, Inc.

Rainmaker's Angie Dobney Demonstrates Revenue and Guest Loyalty Optimization Strategies at BITAC Casino Resorts 2017

Use This Technology to Ensure a Seamless Post-Stay Guest Experience

All News »

Please login or register to post a comment.