Sandberg Capital and ARX Equity Partners have jointly acquired a majority stake in Travelnode GmbH, the holding company of Phobs d.o.o., a leading SaaS technology provider for the hospitality sector in the Adriatic region.
Founded in 2004 and headquartered in Dubrovnik, Croatia, Phobs delivers innovative software solutions designed to drive revenue growth for hotels and campsites. With a client base managing over 3,500 properties, Phobs has built a robust market presence in the Adriatic region and maintains strong customer retention.
The investment will accelerate Phobs’ strategic growth initiatives, including expanding its product offerings. It will also enable geographic expansion and support acquisitions to further enhance its market position and capabilities.
Moving forward, existing owners will retain a minority stake in the Company and Mr. Miho Borkovic will continue to drive the further growth and development of the business in his role as CEO of the Company.