Hotel Engine Achieves $2.1B Valuation With $140M Permira Investment
Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) (YMM)
Company Research
Source: GlobeNewswire
DENVER, Sept. 17, 2024 (GLOBE NEWSWIRE) -- With new products and a new brand on the horizon, travel technology leader Hotel Engine today announced a $140M Series C growth investment led by Permira Growth Opportunities II, a fund advised by global private equity firm Permira. Hotel Engine will use the funding to support ongoing product development, including the launch of flight and rental car bookings to its platform. The new booking options will go live in October, making Hotel Engine an all-in-one solution for business travel. Alongside the new product release, Hotel Engine will change its name to "Engine" to reflect its expanded focus. “Hotel bookings will always be in our DNA, but we’re out to transform the entire travel experience,” said Hotel Engine CEO Elia Wallen. “We want to become the engine of business travel. Our new name will reflect that, and with Permira’s latest investment, we’ll be better positioned than ever to turn our ambitions into reality.” Denver-based Hot
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YMM
Earnings
- 11/20/24 - Beat
YMM
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 6-K
- 11/12/24 - Form SC
- YMM's page on the SEC website