P+P advises SuitePad GmbH on financing round

SuitePad GmbH secures EUR 3 million in growth financing. Leading investor of the new financing round is venture capital investor Target Partners, together with existing investors HW Capital, Kizoo and VC Fonds Technologie Berlin, which is managed by IBB Beteiligungsgesellschaft.

SuitePad GmbH, located in Berlin, was founded in 2012 by Moritz von Peter-Campen and Tilmann Volk. The startup develops tablet-based communications solutions for the hotel industry. Using SuitePads, guests can book services and external offers directly by pressing a button. In addition, the guest receives entertainment offers such as news, music and videos. SuitePad GmbH is thus a pioneer in hotel and guest communications and brings entertainment solutions in hotel rooms up to a new level.

The company already works with more than 200 hotels with over 10,000 hotel rooms in total. In addition to the German-speaking countries, SuitePad GmbH has customers in other European countries such as Britain, France, Italy and Spain. Recently, the company won over hotels in Asia and South America with its solution.

P+P Pöllath + Partners advised SuitePad GmbH with the following team:

• Christian Tönies (partner, lead, VC)
• Minkus Fischer (associate, VC)