Fornova

Business Intelligence for Travel, Hospitality, and Retail

Business Software
Active
Mature Yokne'am Illit Founded 2008
Total raised
$25.0M
Last: Series C 2019-09
Stage
Mature
Founded
2008
Headcount
168
HQ
Yokne'am Illit
Sector
Business Software

About

Fornova enables travel and hospitality companies to optimize their revenue and distribution while reducing costs. The company helps hotels, online travel agencies (OTAs), car rental companies, and aggregators turn data into profit by using real intelligence to align their entire organization (from revenue and distribution to sales, eCommerce, and operations) so they can make smarter decisions together. Fornova has corporate agreements with the majority of the world's top-10 largest hotel chains, as well as the biggest global OTAs. Using its patented VisualScan technology, Fornova monitors over 100,000 travel/hospitality websites and conducts 1.25 billion price comparisons every month. Fornova's retail business, Goldenfeeds, is a data aggregator and feed provider. It generates, maintains, and distributes high-quality product data for online retailers to increase top and bottom-line revenue. Goldenfeeds counts 130 leading retailers as clients, including 26 of the top-500 eCommerce brands in the United States.

Funding history · 3 rounds · $25.0M total

2019-09
Series C $7.0M
2017-04
Series B $17.0M
2015-10
Series A $1.0M

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportSales & Marketing Solutions
Technologies
Platforms & InterfacesWeb
Target customers
Travel & TourismHospitalityHotels
Business model
B2B

Highlights

1 Patents

Tags

hotelscompetitive-intelligenceonline-shoppingpricingbig-data-analyticsecommercetraveltechprice-comparisonhospitalitymarketingbusiness-intelligencesaasretailers