Index Ventures backs last-minute hotel booking service JustBook2013-08-06 1
The news comes just a few months after Berlin-headquartered JustBook changed its company strategy: previously, JustBook was only available as a mobile app, now it’s also available as an online portal. The business offers travellers last-minute deals at discounted prices and is now available in over 100 cities Europe-wide.
Previous investors in JustBook include Creandum,DN Capital, Hexavest and GMPVC German Media Pool, along with a long list of big-name German angel investors including Amiando founder Felix Haas, DailyDeal founders Fabian and Ferry Heilemann, and Bigpoint COO Nils Henning. According to the German Handelsregister (company register), the startup now has about 30 different shareholders.
In Europe, JustBook faces competition from a number of other services including Blink Booking, Hotel Tonight, Expedia and Priceline, which expanded into the last-minute booking business with its own mobile app in 2011.
It’s not the only previously undisclosed Index Ventures investment in Germany. The same article revealed a deal with eCommerce site Navabi, launched in 2008 as the online arm of an Aachen-based boutique. In November 2011, the company received €2.8m from DuMont Venture, Klaus Wecken and Seventure Partners.
Other companies in the Index Ventures portfolio include Skype, Dropbox, Facebook and Zendesk. The investors are no strangers to German startups – along with JustBook and Navabi, Index has backed peer-to-peer money lending marketplace Auxmoney, Marco Boerries’ stealth startup NumberFour, SoundCloud, Adconion, Dropshop, Ingenium and Cellzome.
For related posts, check out:
- Paris-based indie design platform Rad receives €2.5m to “incubate young talent”
- France-based train booking platform Capitaine Train raises €2.5m from Index, CM-CIC Privé
- Lending’s future? German’s Auxmoney raises $12m from Index and Union Square Ventures