We were thrilled to announce our first external investment and what’s next for the Hotel Engine team. Check out this feature article from Built In Colorado to learn more!

Arranging travel plans for one person is tough enough. Coordinating the hotel needs of an entire company can be enough to make eyeballs spin.

From small startups to huge government agencies, tracking business travel and optimizing spend poses a challenge. And like many businesses challenges, the solution may lie in an integrated platform with all the necessary information in one place.

That’s what Hotel Engine offers its users, and that’s what earned the hotel booking and management startup its first-ever external investment this week.

San Francisco growth equity firm Telescope Partners provided Hotel Engine with $16 million in Series A funding. This, along with Telescope’s experience investing in tech companies, will give Hotel Engine a boost as it looks to double its hotel partnerships and hire heavily in the next year, founder and CEO Elia Wallen told Built In…

Read the full article about Hotel Engine’s first external investment and how that’s fueling our growth on Built In Colorado.