About Hoist Group
Hoist Group is a Technology company based in Solna (Sweden) founded in 1994, and was acquired by Advent International in June 2021. Software solutions and services are offered for the hospitality sector. It operates in the Technology and Travel & Hospitality sectors. Hoist Group has raised $10.67 million across 3 funding rounds from investors including AP6, Accent Equity and Advent International. Hoist Group has completed 5 acquisitions, including Acentic, HotelEngine and Locatel. Hoist Group offers products and services including Property Management System, Booking Engine, and Order Management Software. Its focus areas include Travel and Hospitality Tech, Hotel IT, Diversified and Hotel.
Company details
Hoist Group provides end-to-end software solutions and services to hotels. The company offers HotSoft- a booking system which enables hoteliers to take bookings payments directly on the website, Serviator - a cloud-based end-to-end back-office management solution, managed network VoIPWiFi services, turnkey smart TV casting solutions, digital signage management solutions, and IoT-based smart room automation products (includes smart fridgesmini-bars, RFID-based smart locks, smart mirrors, etc). Additionally, the company also offers TV screening solutions to the public sector.
- Headquarters Solna, Sweden
- Stage Acquired
- SectorsTechnologyTravel & Hospitality
- Email••••••••
- Phone•••• ••••
- Website hoistgroup.com
- Social LinkedIn X Facebook
- Acquired by Advent International (Jun 2021)
- Annual Revenue$1.63 M (USD)-44as on Dec 31, 2020
- Net Profit-$123.14 K (USD)-136as on Dec 31, 2020
- Total Equity Funding$10.67M (USD)
in 3 rounds
- Latest Funding Round$10.67M (USD), Private Equity Round
Mar 2019
- InvestorsAP6
& 2 more
- Investments & AcquisitionsAcentic
& 4 more
- Acquired byAdvent International
(Jun 2021)
Products & Services of Hoist Group
Hoist Group offers a comprehensive portfolio of products and services, including Property Management System, Booking Engine, and Order Management Software.
Manages hotel operations and secures daily activities
Facilitates direct bookings from websites efficiently
Fulfils online orders for retail stores effectively
Funding Insights of Hoist Group
Hoist Group has successfully raised a total of $10.67M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $10.67 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.67M
- Total Rounds 3
- Last Round Private Equity Round — $10.67M
- Investors Count 2
All 3 funding rounds of Hoist Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | $10.67M | Private Equity Round | – | AP6 | – |
| Jun 2017 | $56.98M | Debt – Conventional | – | – | – |
| Apr 2011 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Hoist Group
Hoist Group has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include AP6, Accent Equity and Advent International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in multiple sectors | ap6.se | Stockholm, Sweden | ||
Accent Equity is engaged in private equity investments in Nordic companies. | 1994 | accentequityfunds.com | Stockholm, Sweden | |
Private equity firm focused on multiple sectors | adventinternational.com | Sao Paulo, Brazil |
Investor details for Hoist Group
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Hoist Group
Hoist Group has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Acentic, HotelEngine and Locatel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Managed WiFi services are offered to the hospitality sector. | acentic.com | Ampthill, United Kingdom | 2004 | Sep 2020 | •••• | |
Online booking engine for direct hotel reservations is offered. | hotelengine.eu | Turku, Finland | 1999 | Oct 2019 | •••• | |
| paragonsystems.ie | 0 | Jun 2017 | •••• | |||
Mobile and internet services provided to residential and business customers. | swisscom.ch | Bern, Switzerland | 1852 | Jun 2015 | •••• | |
Internet connectivity services are provided by Locatel in France. | locatel.net | Nanterre, France | 1962 | Jun 2014 | •••• |
Complete acquisition details for Hoist Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Hoist Group
9 dated milestones of Hoist Group across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Hoist Group is founded.
- Funding First funding round.
- Acquisition Acquires Locatel.
- Acquisition Acquires Swisscom.
- Acquisition Acquires Paragonsystems.
- Funding Latest funding round, Private Equity Round, of $10.7M.
- Acquisition Acquires HotelEngine.
- Acquisition Acquires Acentic.
- Exit Acquired by Advent International.
Web traffic of Hoist Group
Websites that share an audience with Hoist Group (hoistgroup.com).
Websites whose visitors overlap most with Hoist Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hoistfinance.com | 100% | 12.4K | #2,215,290 | View details | |
| hoistech.ie | 96% | 4.4K | #3,966,555 | View details | |
schneider-electric.co.za | schneider-electric.co.za | 69% | – |
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Frequently Asked Questions about Hoist Group
Hoist Group was founded in 1994 and raised its 1st funding round 17 years after it was founded.
Hoist Group is headquartered in Solna, Sweden.
Hoist Group is a funded company, having raised a total of $10.67M across 3 funding rounds to date.
Annual revenue of Hoist Group is $1.63M as on Dec 31, 2020.
Hoist Group provides end-to-end software solutions and services to hotels. The company offers HotSoft- a booking system which enables hoteliers to take bookings payments directly on the website, Serviator - a cloud-based end-to-end back-office management solution, managed network VoIPWiFi services, turnkey smart TV casting solutions, digital signage management solutions, and IoT-based smart room automation products (includes smart fridgesmini-bars, RFID-based smart locks, smart mirrors, etc). Additionally, the company also offers TV screening solutions to the public sector.
Hoist Group offers Property Management System, Booking Engine, and Order Management Software.
Hoist Group has made 5 acquisitions, including Acentic, HotelEngine, and Locatel.
Hoist Group has 3 investors. Key investors include AP6, Accent Equity, and Advent International.
Yes. Hoist Group was acquired by Advent International in June 2021.