Germany: Trip rental market HomeToGo has appointed Dr Bodo Thielmann as its first-ever chief funding director.
Within the newly created position, Thielmann will lead the corporate’s efforts to amass, combine and scale worthwhile companies. HomeToGo says it’s waiting for tapping into its nonetheless vital money place to gas each natural and inorganic development and proceed its development trajectory.
To this point since going public in September 2021, HomeToGo has made a spate of strategic acquisitions, from trip rental journey tech supplier SECRA to AMIVAC, the holiday rental enterprise unit of Groupe SeLoger, and web firm e-domizil GmbH from e-vacation Group Holding GmbH for €40 million.
Thielmann joins the corporate from his earlier position as CEO of Vacation spot Options GmbH [HRS Group], one in all HomeToGo’s key companions as a number one journey tech agency for trip rental administration.
He beforehand served as CFO of OYO Trip Properties, which incorporates manufacturers Belvilla, DanCenter and Traum-Ferienwohnungen. Moreover, he was COO of Digital Media and head of latest investments in his decade of expertise at Axel Springer Group, together with accountability for investments corresponding to Airbnb, Runtastic, Awin/Zanox and AVIV Group, a number one digital actual property tech firm.
Initially, he labored for Bertelsmann and Deutsche Telekom Group, and continues to function a board member of the German Vacation Residence Affiliation.
Dr Patrick Andrae, co-founder and CEO of HomeToGo, stated: “We’re very happy to welcome Bodo Thielmann, who has been one in all our long-time trusted companions, to our HomeToGo management group. Bodo brings an inimitable and uncommon mixed experience of each investments by way of M&A and operational expertise within the trip rental business, together with intensive information of our distinctive enterprise mannequin.
“Our focused M&A exercise has at all times underlined a method of selectively buying and scaling wholesome, worthwhile companies that contribute on to our operational and monetary efficiency. With a number of worth accretive acquisitions in 2022 and a ensuing post-merger integration focus that we’ve accomplished in 2023, Bodo shall be instrumental in fuelling our focused inorganic development sooner or later,” he added.
Dr Bodo Thielmann, chief funding director of HomeToGo, stated: “I’m actually wanting ahead to becoming a member of one of many quickest rising and impressively skilled gamers within the trip rental business. In my years of partnering with HomeToGo, we now have at all times united on the widespread objective of delivering an unimaginable expertise for our travellers and key prospects on the provision aspect, and driving resilient and robust efficiency collectively.
“On this new chapter, I look ahead to constructing on their already vital worthwhile development trajectory by way of selective and worth accretive M&A and serving to to develop their world footprint inside our business,” he added.
Based in 2014, HomeToGo operates a market for trip leases that connects tens of millions of travellers trying to find an ideal place to stick with 1000’s of stock suppliers world wide. The corporate operates localised apps and web sites in 25 international locations, and is listed on the Frankfurt Inventory Alternate underneath the inventory ticker ‘HTG’.
In July, HomeToGo formally launched Modes, described as a “revolutionary new technique to discover trip leases and journey locations”, with its inaugural AI Mode turning into obtainable in beta to US and UK customers.
Simon Matthews, director of expertise, information & OSS, HomeToGo, will talk about Modes and extra on the ‘Pitch battle: Tech it out’ panel on the inaugural STRz Summit in London on Wednesday 18 October.