AltoVita, the global corporate accommodation platform founded in 2018 by Vivi Cahyadi Himmel and Karolina Saviova , has announced that it has secured $9.5M in an oversubscribed Series A investment round.

The company said that the investment, co-led by Novum Capital Partners and Fifth Wall, will help it continue its expansion by delivering 2.5 million properties to businesses and employees across 35 thousand locations by the end of 2023.

Vivi commented: “AltoVita is setting a new standard with a fresh, modern and agile approach when it comes to corporate accommodation technology. Karolina and I are thoroughly blessed to have incredibly supportive investors. Existing investor, Novum Capital Partners, who has already seen first-hand our consistent 4x YoY growth over the past few years and the quality of the work that we do at AltoVita, co-led the round. The partnership with Fifth Wall will unlock immense real estate opportunities to provide unique inventories to meet our corporate demand globally. This fundraise will go a long way as we continue building a technology powerhouse that enables us to attract high calibre talent in tech and product as well as hospitality growth, business development and customer success.”

Photo:  Vivi Cahyadi Himmel (left) and Karolina Saviova