The findings highlight a shift in investor focus towards core operational systems used by hospitality businesses, particularly platforms that centralise operations, enable automation and support data-driven decision-making.
This trend was particularly evident during a 90-day period between December 2025 and February 2026, when three of the sector’s largest funding rounds were completed in quick succession: Mews raised $300 million, Kindred secured $125 million across two simultaneous rounds, and Limehome raised 75 million euros.
PMS companies led overall funding, with seven firms raising a combined $408.1 million. The group includes both established providers and newer entrants such as Amenitiz, Arbio and Boom. The report identifies PMS as an increasingly central component of the hospitality technology stack, integrating operations, revenue management, guest journeys and data within a single platform.
The report also notes that leading PMS providers are expanding their capabilities through product development and acquisitions. Mews’ acquisitions of Flexkeeping and DataChat in late 2025 are cited as examples of this approach.
AI-led guest experience platforms also attracted significant investment, with companies including Duve, Chatlyn, Conduit and Canary Technologies raising a combined $152.6 million. These platforms are designed to support personalised service delivery while addressing operational pressures related to staffing.
At the same time, tech-enabled hospitality operators such as Limehome, Kasa and HolaCamp raised a combined $151.9 million, reflecting increasing investor interest in business models where technology plays a central role in service delivery.
The report indicates that the sector remains in a growth phase. Of the 40 companies analysed, 19 funding rounds were at pre-seed, seed or Series A stage, compared to four at Series C or D. More than half of the funded companies were founded after 2020, with 2023 representing the largest cohort.
Geographically, the United States led in terms of number of funded companies, with 17 of the 40 based there. Europe recorded larger individual funding rounds, with the Netherlands-based Mews securing the largest investment. Germany contributed four funded companies, including Limehome, Holidu, Arbio and Happyhotel, while Spain was represented by Amenitiz and HolaCamp. Additional funding rounds were recorded in Saudi Arabia, Israel and Singapore.
Jessica Gillingham, CEO and Founder of Abode Worldwide, said: “Crossing the $1 billion mark matters, but the real story is where the money is going. Investors are concentrating capital in the platforms that hospitality businesses increasingly depend on every day, especially PMS and AI-led systems that unify operations, improve automation and strengthen the data layer underneath the business. The companies attracting the strongest investor backing share a common trait. They sit close to essential operator workflows and become more valuable over time. Unified systems generate more data, better automation and higher switching costs. This is a compounding dynamic that is proving more appealing to investors.”
Tags: Jessica Gillingham, Abode Worldwide
