US$59 million growth capital: Taylor Wessing advises NUMA Group on new funding round

NUMA Group (NUMA), the leading European digital hotel operator and technology provider in the short-term rental sector, has raised US$59 million in fresh capital in another funding round. The investor round was led by Verlinvest, the private equity firm of the family that owns brewing giant Anheuser-Busch. Other backers include existing investors Headline and Cherry Ventures, as well as VC funds DN Capital and Soravia. A Taylor Wessing team led by Berlin-based partner and VC expert Dr Norman Röchert advised the start-up on all legal issues surrounding the funding round.  

Founded in Berlin in 2019, the company is less affected by the current pressures in the hotel industry thanks to its digitalised business model. Through the extensive use of technology, NUMA customers stay comfortably in design hotels across Europe, without any hotel staff at all. The company is thus growing against the trend, as the hotel industry is currently suffering severely from a lack of staff and rising operating costs while demand is falling at the same time.
With the newly raised capital, NUMA plans to develop its own app and expand further. After the start-up already expanded to Spain, Italy, Austria and the Czech Republic in 2021 and is present in numerous attractive metropolises, including Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna, the main goal is now to increase the number of rooms from the current 4,500 to 15,000 rooms by 2027. Already two years before that, the start-up expects to move into the profit zone for the first time.
As a partner for investors, real estate owners, developers and hotel operators, NUMA also develops innovative technology-based operator solutions that significantly increase the revenues of partner hotels through automated business processes, intelligent pricing and higher occupancy rates. 

Legal advisors NUMA Group
Taylor Wessing Germany: Lead Dr Norman Röchert (Partner), Christopher Hildebrandt (Senior Associate), Yanick Sambulski (Associate), Felix Paul (Professional Support Lawyer) all Corporate Technology / Venture Capital, all Berlin