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AltoVita secures $9.5M Series A investment to redefine corporate accommodation technology across the globe


  • Firm achieves 486% YoY development and develops world lodging know-how to assist workers of Fortune 2000 firms guide and handle at scale good, protected and sustainable versatile residing
  • Feminine based AltoVita receives backing from Novum Capital Companions and Fifth Wall to assist with its 2023 mission to reshape the know-how panorama and construct the biggest stock within the company lodging sector, delivering 2.5 million properties to companies and workers throughout 35 thousand places

London, UK; 2nd December 2022: AltoVita, the award-winning world company lodging platform, whose prospects embody Hewlett Packard Enterprises, Google and US authorities companies, at the moment introduced it has secured $9.5M in an oversubscribed Collection A funding spherical.

The funding, co-led by Novum Capital Partners and Fifth Wall will assist AltoVita proceed its growth to reshape the know-how panorama and construct the biggest stock within the $201bn company lodging sector, by delivering 2.5 million properties to companies and workers throughout 35 thousand places by the tip of 2023.

AltoVita has secured funding in a market which has seen lower than 2% VC funding in 2022 going to companies led by girls. Its mission is to ship good, protected and sustainable residing for workers wherever on the planet.

Vivi Cahyadi Himmel, CEO and co-founder at AltoVita, commented: “AltoVita is setting a brand new normal with a contemporary, fashionable and agile strategy relating to company lodging know-how. Karolina and I are totally blessed to have extremely supportive buyers. Present investor, Novum Capital Companions, who has already seen firsthand our constant 4x YoY development over the previous few years and the standard of the work that we do at AltoVita, co-led the spherical. The partnership with Fifth Wall will unlock immense actual property alternatives to supply distinctive inventories to fulfill our company demand globally. This fundraise will go a great distance as we proceed constructing a know-how powerhouse that allows us to draw excessive calibre expertise in tech and product in addition to hospitality development, enterprise growth and buyer success.”

Based in 2018 by Vivi Cahyadi Himmel and Karolina Saviova, who’ve lived in over 20 cities between them, the corporate was born out of the shortage of accessible choices for company travellers and a need to standardise and supply high quality assurance to the legacy company lodging sector. The AltoVita platform offers diversified asset lessons to interns all the best way to executives, in addition to the power to seek for properties by protected and sustainable practices. The founders’ imaginative and prescient is to energy your entire lodging ecosystem – be it enterprise journey or world mobility – with mixed data-driven scalable know-how that comes with flexibility and enriched content material.

Placing workers first, all properties on the AltoVita platform are totally vetted and verified to supply obligation of care and compliance, backed by its in depth 4-Tier High quality Management system and supported by a devoted buyer success staff. AltoVita proprietary options embody knowledge analytics and market intelligence software, coverage builder and end-to-end housing administration with monetary administration. AltoVita’s fast-growing world footprint presently spans 165 international locations and 1,553 cities, together with Singapore, Dallas, and Bangalore.

Gabriele Gallotti, Founding Accomplice at Novum Capital Companions and Board Observer at AltoVita, added: “From the primary assembly, we have been utterly purchased into Vivi and Karolina’s imaginative and prescient. AltoVita is likely one of the most capital environment friendly operations that I’ve seen in a few years and the expansion AltoVita has achieved is uncommon, notably throughout the present market challenges. The corporate brings a really distinctive providing to the company journey market and we couldn’t be happier to see the progress that the staff has revamped the previous yr. Our latest funding will give AltoVita the firepower to scale its imaginative and prescient into new markets, and proceed to develop its seamless resolution for the fragmented company lodging sector.”

“As the standard workplace returns in 2023, with a big rebound in enterprise journey, Vivi, Karolina and their proficient staff at AltoVita are delivering an unmatched world journey resolution that realigns workers existence with company lodging,” stated Miguel Nigorra, Accomplice and Head of the Europe Crew at Fifth Wall. “We’re thrilled to assist AltoVita via its subsequent section of development and know that our in depth community of restricted companions, representing the world’s most notable actual property house owners and operators, will undoubtedly profit from their transformative strategy.”

The information comes as AltoVita prepares for its 3rd Annual Global Corporate Home Awards. The in-person awards ceremony will happen on the first of December on the prestigious Tate Modern in London. Audio system embody Kerwin Guillermo, International Head of Worker Mobility at Hewlett Packard Enterprises, Michael Craske, International Mobility Transformation at KPMG, Walter Gubert, Former Vice Chairman of JP Morgan and Ryan Taylor, Journey Class Supervisor at SMBC.

ENDS

About AltoVita
AltoVita powers the company lodging sector with enterprise software program layered with a human-centric strategy, offering each traveller with precisely what they want.

AltoVita’s award-winning know-how creates a cloud-based bridge between the extremely fragmented property distribution system and International 2000 firms, SMEs, and enterprise travellers, lowering the legacy 48-to-72-hour bidding course of down to some minutes. The totally customisable platform offers instantaneous entry to a various community of 1 million+ housing choices worldwide – together with serviced residences, professionally managed houses, aparthotels, and co-living – with the power to kind by desired facilities, pet friendliness, sustainability scores, and extra. All properties are totally vetted and verified to supply obligation of care and compliance, backed by our in depth 4-Tier High quality Management system.

AltoVita’s fast-growing world footprint presently spans 165 international locations and 1,553 cities. They’re headquartered in London, with regional places of work in Singapore and Dallas, TX.

About Novum Capital Companions
Novum Capital Companions is a Multi Household workplace based mostly in Geneva. With property in extra of two.5 bln AUM, we work carefully with 20 ultra-high-net-worth (UHNW) households throughout Europe.

Novum Capital Companions was based with one key goal: to supply UHNW households with peace of thoughts.

Our companions shared a imaginative and prescient to construct a monetary providers agency that’s utterly impartial from banks, offers trusted recommendation for a restricted variety of purchasers based mostly on a holistic understanding of their wants and wealth – and affords providers that go far past the one in all a standard multi-family workplace.

Whether or not our purchasers wish to safe essentially the most environment friendly phrases to refinance their property, or require a bespoke portfolio to assist them obtain their long-term funding goals, and even want recommendation for property planning, our dedication is to assist our purchasers simplify their lives and make it simpler for them to realize their household targets.

Novum is a member of the Affiliation Romande des Intermédiaires Financiers (ARIF). ARIF is a self-regulating physique permitted by the Swiss Monetary Market Supervisory Authority (FINMA) for the supervision of the monetary intermediaries referred to in article 2 para. 3 of the Swiss Federal Regulation on combating cash laundering and terrorism financing within the monetary sector (AMLA). ARIF can also be acknowledged by FINMA as an expert group for laying down guidelines of conduct referring to the observe of the occupation of impartial asset supervisor throughout the that means of the Swiss Federal Act on collective funding schemes.

About Fifth Wall
Based in 2016, Fifth Wall, a Licensed B Company, is the biggest enterprise capital agency targeted on know-how for the worldwide actual property trade. With roughly $3.2 billion in commitments and capital beneath administration, Fifth Wall connects most of the world’s largest house owners and operators of actual property with the entrepreneurs who’re redefining the way forward for the Constructed World. Fifth Wall is backed by a worldwide mixture of greater than 100 strategic restricted companions (LPs) from greater than 15 international locations, together with BNP Paribas Actual Property, British Land, CBRE, Cushman & Wakefield, Hilton, Host Accommodations & Resorts, Ivanhoé Cambridge, Kimco Realty Company, Lennar, Lowe’s House Enchancment, Marriott Worldwide, MetLife Funding Administration, MGM Resorts, Associated Corporations, Starwood Capital, Toll Brothers, and others. Fifth Wall believes this consortium represents one of many largest teams of potential companions within the world Constructed World ecosystem, which may end up in transformational investments and collaborations with promising portfolio firms. For extra details about Fifth Wall, its LPs, and portfolio, go to www.fifthwall.com.

Press contact
Roseanna Lane
CommsCo
rlane@thecommsco.com
+44 777 0239 888



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