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
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
$1.63 M (USD)-44as on Dec 31, 2020
-
Net Profit
-$123.14 K (USD)-136as on Dec 31, 2020
-
EBITDA
Not available
-
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
Not available
-
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.
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.
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
|
Locked | Locked | Locked | |
|
Accent Equity is engaged in private equity investments in Nordic companies.
|
Locked | Locked | Locked | |
|
Private equity firm focused on multiple sectors
|
Locked | Locked | Locked |
Investor details for Hoist Group
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
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.
Investment portfolio details for Hoist Group
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Managed WiFi services are offered to the hospitality sector.
|
Locked | Locked | 2004 | Locked | |
|
Online booking engine for direct hotel reservations is offered.
|
Locked | Locked | 1999 | Locked | |
|
Internet connectivity services are provided by Locatel in France.
|
Locked | Locked | 1962 | Locked |
Complete acquisition details for Hoist Group
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Hoist Group
Detailed financials for Hoist Group
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Hoist Group Comparisons
Peer comparison for Hoist Group
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based software for hotel and hostel operations is managed.
|
|
| Locked | Locked | Locked |
Browser-based software solutions for hotels and other accomodations
|
|
| Locked | Locked | Locked |
Cloud-based software is provided for vacation rental management and synchronization.
|
|
| Locked | Locked | Locked |
Cloud-based solutions for hotel management are provided.
|
|
| Locked | Locked | Locked |
Cloud-based hotel management system
|
|
| Locked | Locked | Locked |
Property management software is delivered through a SaaS platform.
|
Detailed competitors of Hoist Group
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Hoist Group
Complete news archive for Hoist Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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's top competitors include Guesty, CloudBeds and Canary Technologies.
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.