Finland-based bed bug smart technology provider Valpas raised €1.6 million in seed money to keep homes pest-free.
ActivumSG Ventures, TESI, Realty Corporation led the round, with participation from existing investors Maki.vc, Icebreaker.vc and Reaktor.
With Valpas, hotels can swap out existing bed legs for Valpas’ IoT-enabled legs, which have a patented design that collects bed bugs within hours of arriving in the area.
If bed bugs are detected, the legs notify hotel staff via smartphone and a staff member can be dispatched to the room to empty the device.
As well as helping hotels avoid financial loss and increase guest satisfaction, the technology eliminates the need for pesticides made from fossil fuels, meaning properties can be part of the solution to the climate crisis. and that customers may be prevented from bringing bed bugs home, where pesticides may also be used.
Subscribe to our newsletter below
“Nobody wants to bring bedbugs home from a trip and spend thousands of dollars to disinfect it,” says Martim Gois, co-founder and CEO of Valpas.
“Valpas enables hotels, travel agents and booking platforms to offer their customers the guarantee of a bedbug-free stay. What vaccines, masks and physical distancing are to COVID, Valpas is to bed bugs.
Since the launch of the initial version of the product, Valpas has signed more than 150 hotels of brands such as Pestana Hotels and Resorts, ARP Hansen Hotel Group, Autograph Collection and Design Hotels in more than 20 cities including Paris, Amsterdam, Copenhagen and Madrid.
The company claims to have protected over a million trips and over $1 billion in revenue.
With this new funding, Valpas will expand its bed bug safety standard to more hotels and travel agents and expand its geographic footprint in the Far East and the United States.