Apaleo, the API-first open property management platform for the hospitality industry, has raised €20 million in a growth equity investment round led by PSG Equity. Existing investors Redalpine, FOMCAP IV, and Rockaway Ventures also participated in the round. Apaleo’s portfolio spans over 30 countries worldwide, managing more than 85,000 units across diverse markets and serving over 1,700 properties.
PSG is a leading growth equity firm that partners with software and technology-enabled services companies, has backed over 140 companies and facilitated over 500 add-on acquisitions. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris and Tel-Aviv.
Hengeler Mueller team for PSG Equity
M&A/Growth: Clemens Höhn (lead, partner), Sjard Seeger (associate, both Berlin),
IP/ IT: Matthias Berberich (Counsel), Gesa Tamcke (associate, both Berlin),
Employment: Hendrick Bockenheimer (partner), Stefan Kreß (associate, both Frankfurt),
Public Law: Jan D. Bonhage (partner), Thomas Ruthemeyer (counsel), Nikolaus Wallraf (associate, all Berlin),
Regulatory: Christian Schmies (partner), Maximilian Höflich (associate, both Frankfurt).