Engine Raises $140M in Series C Funding, Valued at $2.1B, a 62% Jump

Denver-based hotel booking and management service, Engine, formerly known as Hotel Engine, has raised $140 million in a Series C funding round. The funding round was led by Permira, a private equity firm. This latest investment values the company at $2.1 billion, a significant increase from its previous valuation of $1.3 billion in late 2021 after a $65 million Series B round, marking a 62% jump. The company has received funding from multiple private equity giants.