Fornova
Business Intelligence for Travel, Hospitality, and Retail
Startup Mature Business Software Est. 2008
Total Raised
$25M
Mature
Last Round
$7M
3 rounds
Investors
5
5 public
Team
3
51-200 employees
Confidence
100/100
News
7
articles
Patents
1
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.
Classification
Sector
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportSales & Marketing Solutions
Core Technology
Platforms & InterfacesWeb
Target Customer
Travel & TourismHospitalityHotels
Business Model
B2B
Tags
hotelscompetitive-intelligenceonline-shoppingpricingbig-data-analyticsecommercetraveltechprice-comparisonhospitalitymarketingbusiness-intelligencesaasretailers
Funding & Events
Sep 2019
C Round $7M
JAL Ventures, Forestay Capital, A/O PropTech, DTCP
Oct 2015
A Round $1M
JAL Ventures
Mar 2019
M&A Undisclosed
Apr 2017
B Round $17M
DTCP, JAL Ventures, Waypoint capital
News (7)
Jun 4, 2020 · www.hospitalitynet.org
growth-positive
Fornova Launches Competitive Intelligence Solution To Give Hotels The Edge During the Post-COVID-19 Recovery
CustomersPartners
Sep 4, 2019 · www.phocuswire.com
growth-positive
Fornova lands $7M in funding, plots rollout of business intelligence tech for hotels
InvestmentPartners
Mar 4, 2019 · www.phocuswire.com
growth-positive
Fornova buys hospitality intelligence platform HotelsBI
PartnersCustomers
Oct 1, 2018 · www.hospitalitynet.org
growth-positive
The Leela selects Fornova to increase customer confidence and boost direct bookings
Partners
Oct 18, 2017 · www.hospitalitynet.org
growth-positive
Fornova partners with eRevMax to create a one-stop shop for smart distribution, benefiting hotels worldwide
Partners
May 2, 2017 · www.globes.co.il
growth-positive
Israeli online travel co Fornova raises $17m
InvestmentExpand
Jun 16, 2016 · www.prnewswire.com
growth-positive
Fornova Experiences Accelerated Growth in the First Half of 2016 with its Supernova Product Now Serving More than 15,000 Hotels in 40 Markets
CustomersExpand
Details
Product Stage
Released
Employees
51-200
Exact Count
168
District
North District
Founded
2008
Registrar
514095413
Crunchbase
fornova
Locations
HaMada 4, Yokne'am Illit, Israel
1460 Broadway, New York, NY, USA
Weteringschans 165, Amsterdam, Netherlands
1 Mark Square, London EC2A 4EG, UK
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Aug 31, 2024
Verified by
Yanina Wainscheinker
Missing
markets
Team (3)
Dmitry Babitsky
Co-founder & Chief Scientist
Founder
Michael Rubanovich
Co-founder & GM Israel
Founder
Dori Stein
Co-founder (No longer with the company)
Founder
Internal
Created by
Raz Zohar (raz@platterz.ca)
Created
2014-10-28T00:00:00.000Z
Last editor
Jenny Sotnik-Talisman (jenny.sotnik@sncentral.org)