Hotel Booking Platform Splitty Raises $6.75M in A-Round Financing Led by Fosun RZ Capital

BEIJING,April 16,2019 -- Hotel booking platform Splitty announced that it has raised $6.75 million in a series A round of funding led by Fosun RZ Capital,the VC investment arm of Fosun International. 2bAngels,Techstars Ventures,Cockpit Innovation and 11-11 venturesalso participated,enabling Splitty to expand its team and accelerate its global market growth in the coming years.

Splitty's website page

Splitty,an Israeli-based startup,offersunique hotel prices,by taking advantage of splitting andcombining multiple bookings under one reservation. Splitty analyzesand splitsover 1.5 million transactions to create the exclusive deals in onesecond. They provide their services for more than 500,000 properties in 127 countries. Founded in 2015,Splitty has beenfocusing on developing its technology and was launched in the marketin 2018. In 2017,they won the Start-up Award at the Eye for Travel San Francisco.

Fosun RZ Capital launched its Israel office in 2018 and is already represented in five other countries with global teams. Chairman of the lead investor Jin Hualong commented,"Our investment strategy in Israel will be more focused on high-end technology,which alignsstrategicallywith what we have in the Chinamarket". Splitty will bea landmark in FosunRZ Capital'stravel techdistribution.With its 'Split & Match'technology,Splitty has driven the innovation of the traditional OTA model and provided the best solution for both users and hotels.Fosun has been centered around its worldwide family customers and created an ecosystem of 'Health,Happinessand Wealth'. Splitty will play a connecting role between Fosun and other platforms in the tourism industry,while diversifying traveling options for family customers as part of Fosun's'Happiness' ecosystem.

"Splitty differentiates itself from traditional OTA through this transaction model",says Eran Shust,Splitty's CEO. "It's a win-win situation- wecouldimprove the occupancy rate of hotels by over 15%,while users enjoyinglower prices up to 50%.Fosun RZ Capital is the perfect partner for us to bolsterour business globally".

Currently,Splitty provides room booking options mainly in Europe and America. Since China has become the largest consuming marketin the international tourism industry,the company is planning to expand its business in the Asian market right after the completion of this round of financing.

For more information on Splitty,visit www.splittytravel.com oreran@splittytravel.com.

For media inquiries,contact PR@fosun.com

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