The Top 31 Most Heavily Venture-Funded Startups In Travel


Skift Take

The global travel industry is going through a lot of disruption, and the biggest sectors include the sharing economy and ground transportation, as well as one large potential winner in the hotel booking sector.

— Rafat Ali

Yesterday, travel startups HotelTonight and GetYourGuide announced major funding rounds, and both of the travel startups are now well into double-digit millions on the amounts they’ve raised so far — HotelTonight may soon even touch $100 million mark.

That gave us an idea to compile a list of all the biggest venture-funded startups currently in travel and we came up with this list of 31 companies, with the lowest cutoff of around $20 million.

Some observations:

  • Airbnb and Uber, never really billed as travel startups per se, are the two biggest venture-backed startups that exist now across tech, not just the travel tech sector.
  • Chinese car rental, sharing, and booking companies have raised huge amounts to compete on scale.
  • Russian booking companies have raised large amounts to compete in an especially competitive market.
  • In general, room sharing and car sharing requires lot of investment to build, disrupt, and compete.
  • Only four B2B startups are on this list. Surprisingly, two are aimed at the intersection of travel transactions and advertising/retargeting.
  • Hotel booking is where the big action is on the traditional online booking transactions side.
  • On the investors side, some of the active funds on the larger sized rounds include Andreessen Horowitz,¬†General Catalyst, Accel Partners, and Goldman Sachs.
  • In the earlier stages, Crunchfund surprisingly is the most active in this list, with Ron Conway’s SV Angel investing alongside for most part.¬†First Round Capital pops up on that list as well.
  • Concur is the only active strategic investor in travel’s biggest startups.
  • Almost all of the big startups in travel were started in the last five years.
Rank Company Founded Headquarters Total Amount Raised Major Investors
1 Airbnb 2008 San Francisco, CA $326 Million Sequoia Capital, Andreessen Horowitz, General Catalyst Partners, CrunchFund, Ashton Kutcher, Founders Fund, Greylock Partners, Jeff Bezos, Digital Sky Technologies
2 Uber 2009 San Francisco, CA $307 MIllion TPG Growth, Google Ventures, Benchmark, Menlo Ventures, Innovation Endeavors, Goldman Sachs, Benchmark, CrunchFund, Founder Collective, First Round Capital
3 eHi Car Rental 2006 Shanghai, CHN $265 Million Ctrip, Goldman Sachs, CDH Ventures, QiMing Venture Partners, Ignition Partners
4 Didi Dache 2012 Beijing, CHN $117 Million CITIC Capital Holdings, Tencent Industry Win-Win Fund
5 Kuaidadi 2012 Beijing, CHN $110 Million Alibaba
6 Foursquare 2009 New York City $106 Million DFJ Growth, Smallcap World Fund, Andreessen Horowitz, Union Square Ventures, Spark Capital, O’Reilly AlphaTech Ventures, CrunchFund, SV Angel
7 Wimdu 2011 Berlin $90 Million Kinnevik, Rocket Internet
8 HotelTonight 2010 San Francisco, CA $80.7 Million + Undisclosed Coatue Management, GGV Capital, Battery Ventures, Accel Partners, US Venture Partners, First Round Capital
9 Lyft 2007 San Francisco, CA $82.5 Million Andreessen Horowitz, Founders Fund, Mayfield Fund, K9 Ventures, Floodgate, Ooga Labs
10 Hailo 2010 London $77.1 Million Union Square Ventures, KDDI, Richard Branson, Phenomen Ventures, Accel Partners, Wellington Partners, Atomico
11 Inspirato 2011 Denver, CO $65 Million American Express, DAG Ventures, Millennium, Institutional Venture Partners, Crunchfund, KPCB, Access Venture Partners
12 YongChe 2010 Beijing, CHN $60 Million Ctrip, DCM
13 HouseTrip 2010 London, UK $59.7 Million Accel Partners, Index Ventures, Balderton Capital
14 Sojern 2007 San Francisco, CA $45.7 million Triangle Peak Partners, Norwest Venture Partners, Trident Capital, Focus Ventures, Industry Ventures.
15 Adara 2005 Mountain View, CA $44.1 Million August Capital, Morgenthaler Ventures, ONSET Ventures, Thayer Ventures
16 Room77 2010 Mountain View, CA $43.8 Million Expedia, Sutter Hill Ventures, General Catalyst Partners, Felicis Ventures, Concur Technologies, PAR Capital Ventures
17 Hotel Urbano 2011 Rio, Brazil $40 Million Insight Venture Partners.
18 Ostrovok 2010 Moscow, RUS $38.60 Million General Catalyst Partners, Frontier Ventures, Accel Partners, Yuri Milner
19 Wego 2005 Singapore $36 Million Tiger Global Management, Crescent Group, Square Peg Capital, News Corp
20 Siteminder 2006 Sydney, AUS $35 Million Technology Crossover Ventures, Bailador Investment Management
21 Mafengwo 2010 Beijing , CHN $35 Million QiMing Venture Partners, Capital Today
22 Travel.ru 2009 St.Petersburg, RUS $31 Million VEB Innovations, Mangrove Capital Partners, ABRT Venture Fund, Ventech
23 Switchfly 2003 San Francisco, CA $34.8 Million Thayer Ventures, Azure Capital Partners, Canaan Partners, StarVest Partners
24 8Trip 2012 Suzhou, CHN $24.6 Million Vision Knight Capital, Softbank China, Venture Capital
25 Yapta 2007 Seattle, WA $22.4 Million Concur Technologies, Amadeus, Voyager Capital, Bay Partners, First Round Capital
26 Hopper 2007 Montreal, CAN $21.7 Million Brightspark Ventures, OMERS Ventures, Atlas Venture
27 Zozi 2007 San Francisco, CA $21.3 Million Pritzker/Vlock Family Office, LaunchCapital, 500 Startups, Forerunner Ventures, Silicon Valley Bank, PAR Capital Ventures
28 GetYourGuide 2009 Zurich, Switzerland $20.5 Million Sunstone Capital, Spark Capital, PROfounders Capital, Highland Capital Partners
29 Hipmunk 2010 San Francisco, CA $20.2 Million Institutional Venture Partners, Ignition Partners, Webb Investment Network
30 Viator 1995 San Francisco, CA $20 Million Carlyle Venture Partners, Technology Venture Partners
31 Gogobot 2010 San Francisco, CA $19 Million Redpoint Ventures, Battery Ventures, CrunchFund, Innovation Endeavors
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