Paris, 7th September 2017 – Jolt Capital SAS, an independent and growing private equity firm, regulated by the Autorité des Marchés Financiers (AMF), has announced the investment of €10 million in Interel, a leading provider of smart (IoT enabled) solutions for the hotel industry.
Interel’s impressive growth and reputation have been built on a foundation of innovative products, combining attractive Italian-designed hardware & intuitive user-orientated software, that seamlessly reduce the consumption of both energy & water. Having spent years on R&D, building a modular technology and carefully calibrating their system, Interel’s finely tuned & fully integrated offering allows multiple sensors to function in sync across both rooms and entire hotels, for maximum comfort & operational efficiency respectively.
With customers that include the top-tier hotel chains, Interel’s solutions are deployed in more than 30 countries across four continents and have been used by over 20 million guests. Jolt Capital’s support will enable Interel to enhance its geographic coverage – a key point for international hotel groups – and to continue investing heavily on its technology, Intellectual Property (IP) and revolutionary water management system.
This investment reinforces Jolt Capital’s growth specific & technology centric positioning, which is based on solid experience in identifying and investing in leading-edge companies that are already profitable, and on the verge of accelerated growth.
Jean Schmitt, Managing Partner of Jolt Capital commented, “Interel is exactly the type of business we like at Jolt: entrepreneurial, innovative, visionary, responsive to clients and with solid finances. Our investment is to boost the expansion strategy of the business. We believe that their room & water management systems offer an unrivalled value proposition to hotels, giving Interel a genuine pioneering advantage.”
Florian Gallini, CEO of Interel, said: “Jolt Capital has successfully invested in high-growth companies and their technological knowledge makes them an exciting strategic partner for us. The track record of Jolt’s team, as great entrepreneurs and technologists, was an important differentiator during the fundraising. This investment will fuel our global growth and allow us to continue developing the Hotel of Things™ along with our connectBsmart™ technology, enabling us to connect the physical world of Hospitality.”
- About Jolt Capital
Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven and Skill&You. Jolt Capital is currently managing an excess of €130m. The firm is authorized and regulated by the AMF. For more information, consult the website www.jolt-capital.com.
- About INTEREL
At INTEREL we power the modern hotel through our Hotel of Things™ ecosystem by connecting people, devices, and data. With our award-winning Guest Room Management System, the world’s first online Water Management System, and our connectBsmart™ IoT infrastructure, we revolutionize guest experience, increase operational efficiency, and drive sustainability in the hospitality industry. INTEREL is backed by European technology investor, Jolt Capital SAS. Headquartered in Dubai with offices across four continents, INTEREL’s solutions are deployed in over 30 countries and have been used by over 20 million guests. To learn more, please visit: www.interelme.com
- Jolt Capital
- Maryse de Wever
- Tel: +33 6 58 23 27 06
- Anne Bleeker
- Tel: +971 4 455 8499