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Brazilian Travel Startup Hotel Urbano Sees Huge Third Round of Financing

Excerpt from VentureBeat

Skift Take

Headquartered in a country with a booming economy and, in particular, a thriving tourism industry, this start-up is situated to make millions, possibly by selling to an established OTA in the near future.

— Eliza Ronalds-Hannon

It’s a great time to be a Brazilian travel startup. The technology and tourism industries in Brazil are erupting at the same time and Hotel Urbano is at the epicenter of all the action.

The online travel agency announced that it has raised $20 million in its third round of financing from Insight Venture Partners. The company is growing fast and the capital will support its continued growth.

Hotel Urbano is a fairly straightforward site for making travel plans.

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