B2B travel platform Hotel Engine secured USD 140 million in Series C funding led by Permira Growth Opportunities II, a fund advised by Permira. The investment values Hotel Engine at USD 2.1 billion, up from USD 1.3 billion at its Series B in November 2021.
The funds are earmarked to support ongoing product development, including launching flight and rental car bookings on its platform in October. The company also plans to rebrand as "Engine" to reflect its expanded focus beyond hotel bookings.
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