Related products
Discover our products in action
Grow your website and business with cyber_Folks tools. See how our products can make your everyday work online easier.
Learn morecyber_Folks has signed an agreement to sell its 30.34% stake in Profitroom for PLN 97.5m — representing an approximately threefold return on the PLN 30m investment made in 2019. The proceeds will be allocated to further acquisitions in the e-commerce technology sector as part of the Group’s strategy to build Europe’s largest tech ecosystem.
Profitroom is a leading SaaS platform for hotel booking and revenue management. At the time of the R22 Group’s initial investment in 2019, the company was growing rapidly, with revenues of PLN 28m and over 2,000 hotel clients. The investment has proved highly successful: revenues have more than tripled over the past five years and Profitroom now operates across dozens of markets worldwide.
The divestment reflects cyber_Folks’ strategic shift towards building a comprehensive e-commerce technology ecosystem in Europe. The capital released from the transaction will be directed towards new acquisitions in this space.
