INTEREL secures €10m growth capital

Martha Elwell Martha Elwell Uploaded 25 September 2017

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FRANCE: Jolt Capital announces €10 million investment in INTEREL

Independent private equity firm Jolt Capital SAS has announced the investment of €10 million in INTEREL, a leading provider of IoT solutions for the hospitality industry.

INTEREL's Hotel of Things system allows hotels to use interconnected devices, data and analytics to improve customer service. INTEREL's Hotel of Things™ ecosystem connects people, devices and data through world's first online Water Management System and its award-winning Guest Room Management System.

INTEREL's solutions are deployed in more than 30 countries across four continents, and have been used by over 20 million guests. It is the standard for many hotels in the Middle East and Asian markets. INTEREL will grow its geographic coverage and continue investing in its technology and intellectual property through Jolt Capital's support.

Jean Schmitt, Managing Partner of Jolt Capital said: "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 IoT, room and water management systems offer an unrivalled value proposition to hotels, giving INTEREL a genuine pioneering advantage."

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