About Hoist Group
Hoist Group is a company based in Solna (Sweden) founded in 1994 was acquired by Advent International in June 2021.. 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. Hoist Group operates in a competitive market with competitors including Mews, CloudBeds, Guesty, INTELITY and Hotelogix, among others.
- Headquarter Solna, Sweden
-
Sectors
TechnologyTravel & Hospitality
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$1.63 M (USD)-44as on Dec 31, 2020
-
Net Profit
$-123.14 K (USD)-136as on Dec 31, 2020
-
EBITDA
-
Total Equity Funding
$10.67 M (USD)
in 3 rounds
-
Latest Funding Round
$10.67 M (USD), Private Equity Round
Mar 13, 2019
-
Investors
AP6
& 2 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Acentic
& 4 more
-
Acquired by
Advent International
(Jun 03, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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 Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $10.7M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Private Equity Round - Hoist Group | Valuation | AP6 |
|
| Jun, 2017 | Amount | Debt – Conventional - Hoist Group | Valuation |
investors |
|
| Apr, 2011 | Amount | Private Equity Round - Hoist Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity firm investing in multiple sectors
|
Founded Year | Domain | Location | |
|
Accent Equity is engaged in private equity investments in Nordic companies.
|
Founded Year | Domain | Location | |
|
Private equity firm focused on multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Managed WiFi services are offered to the hospitality sector.
|
2004 | ||||
|
Online booking engine for direct hotel reservations is offered.
|
1999 | ||||
|
Internet connectivity services are provided by Locatel in France.
|
1962 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Hoist Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hoist Group Comparisons
Competitors of Hoist Group
Hoist Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mews, CloudBeds, Guesty, INTELITY and Hotelogix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for hotel and hostel operations is managed.
|
|
| domain | founded_year | HQ Location |
Browser-based software solutions for hotels and other accomodations
|
|
| domain | founded_year | HQ Location |
Cloud-based software is provided for vacation rental management and synchronization.
|
|
| domain | founded_year | HQ Location |
Cloud-based solutions for hotel management are provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based hotel management system
|
|
| domain | founded_year | HQ Location |
Property management software is delivered through a SaaS platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hoist Group
Frequently Asked Questions about Hoist Group
When was Hoist Group founded?
Hoist Group was founded in 1994 and raised its 1st funding round 17 years after it was founded.
Where is Hoist Group located?
Hoist Group is headquartered in Solna, Sweden.
Is Hoist Group a funded company?
Hoist Group is a funded company, having raised a total of $10.67M across 3 funding rounds to date.
What is the annual revenue of Hoist Group?
Annual revenue of Hoist Group is $1.63M as on Dec 31, 2020.
What does Hoist Group do?
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.
Who are the top competitors of Hoist Group?
Hoist Group's top competitors include Guesty, CloudBeds and Canary Technologies.
What products or services does Hoist Group offer?
Hoist Group offers Property Management System, Booking Engine, and Order Management Software.
How many acquisitions has Hoist Group made?
Hoist Group has made 5 acquisitions, including Acentic, HotelEngine, and Locatel.
Who are Hoist Group's investors?
Hoist Group has 3 investors. Key investors include AP6, Accent Equity, and Advent International.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.