Tourism startup BeSafe Rate closes €485K investment round
Tourism startup BeSafe Rate closes €485K investment round

BeSafe Rate, a digital service dedicated to hoteliers that enables a prepaid rate with travel insurance included, closed a new capital increase of €485,000 in which CDP Venture Capital Sgr through the Accelerators Fund participated with an investment of €225,000, LVenture Group and several business angels, including some members of Italian Angels for Growth (IAG).

BeSafe Rate was created with the aim of solving a problem that is increasingly felt in the hospitality sector: on the one hand, the reduced willingness of travelers to book with prepaid rates and, on the other, the difficulties of hoteliers in selling their services with a “non-refundable” rate.

The startup has therefore created a digital service that integrates with all the booking software of accommodation facilities, enabling a prepaid hotel rate with travel insurance included in favor of the traveler that safeguards the revenues of hoteliers while protecting their guests. In the event of an unexpected event that compromises the stay, including the inability to travel for some of the reasons related to the developments of the pandemic as the contraction of the virus and quarantine, it will in fact be the insurance partner of BeSafe Rate to manage the practice and take care of providing the refund.

Accelerated in 2020 by LUISS EnLabs, LVenture Group’s Acceleration Program, BeSafe Rate has seen a steady increase in requests to join the service. There are currently over 550 properties throughout Italy that have chosen BeSafe Rate, including major hotel chains such as VOIhotels of the Alpitour Group, JSH Hotels & Resorts, Club Esse Hotels & Resorts, Arbatax Park Resort and Felix Hotels. Since the birth of the startup, more than 35 thousand tourists have taken advantage of the rate, with almost 11 thousand bookings generated.

We enthusiastically support the growth of BeSafe Rate, a startup that demonstrates how technology is able to respond promptly and effectively to the emerging or more settled needs of all economic sectors. Thanks to a concrete and innovative solution, this reality has been able to meet and successfully respond to the needs of one of the sectors most affected by the health and economic crisis we are experiencing, the tourism sector.” Commented Stefano Molino, Head of the Accelerators Fund at CDP Venture Capital SGR – Fondo Nazionale Innovazione.

The BeSafe Rate team, thanks to the great experience gained in the field of hospitality, has developed a win-win solution for hospitality facilities and tourists, intercepting the needs of innovation in the sector, now even more relevant in the context of uncertainty caused by the pandemic. With this new capital increase we are convinced that the startup will consolidate its excellent performance in the Italian market, to expand rapidly also at the international level,” said Luigi Mastromonaco, Head of Investments & Growth at LVenture Group.

The cohesion of ideas, the desire for revenge, the dedication, the need to grow and learn without ever feeling arrived, this is what I ask from each member of my team. We started in 2018 and today, after cutting the first stage by finishing the LVenture Acceleration with great success, we know that we have only put the foundation to start building what we set out to do. Today we took a step forward that allows us to see in front of us a future without limits, all this was possible thanks to the union of special people who believe and travel in the same direction. Full speed ahead towards the next goal,” said Alessandro Bartolucci, CEO & Co-Founder of BeSafe Rate.

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