Business travel hotel booking and management platform Hotel Engine is now valued at more than $150 million, after raising $16 million in Series A funding, led by growth equity firm Telescope Partners. Hotel Engine launched in 2015, and this is its first infusion of external funding. The investment will allow Hotel Engine to "expand its foothold within the small to medium business market" and continue to build its team. It provides access to more than 200,000 hotels in more than 185 countries and claims to offer private and public sector business travelers as much as 60 percent off publicly available hotel rates.