A $20 million investment in a consumer travel content company? From one to another, that's nice news, but we struggle to see how much growth it can really have.
Each week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week among companies we tracked was $30 million.
Here are two companies that announced they raised funding this week. You can see previous roundups here.
>>CultureTrip, a London-based travel media startup focused on giving travelers personalized content and recommendations around culture, food and travel, raised a $20 million Series A round from new investor PPF Group. This bring’s the company’s total funding to $23 million. CultureTrip has published more than 30,000 articles since 2011 and serves readers relevant content for what they’re interested in using its proprietary knowledge graph. The company has offices in London, New York, and Tel Aviv and has about 40 freelance contributors based around the world.
>>San Francisco-based travel expense reporting startup TravelBank raised a $10 million Series A round, its first funding round, from new investors Accel Partners and New Enterprise Associates. The startup’s travel and expense system targets small and medium businesses and its software predicts expenses and gives cash rewards if users come in under budget. It’s also integrated with Bill.com, NetSuite and QuickBooks for companies that already use those services.
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Photo credit: CultureTrip focuses on giving travelers personalized content and recommendations around culture, food and travel.