OTA Insight Raises $20 Million for Hotel Rate Analysis: Travel Startup Funding This Week
Skift Take
Who needs Santa? This week investors announced more than $179.5 million in funding for startups that specialize in hotel revenue management, baggage transport, and online travel services.
Each week we round up travel startups that have recently received or announced funding. The total publicized this week was more than $179.5 million.
>>Mafengwo, a social trip-planning site, has raised a Series D fundraising round of $133 million. Co-founder and CEO Chen Gang said he planned to turn the business into a retail platform like Alibaba, except focused on travel. See Skift's story from earlier this week.
>>OTA Insight, which makes business intelligence software for hotels, resorts and vacation rentals, has raised $20 million in funding.
Eight Roads Ventures led the round with participation from F-Prime Capital Partners and previous investors. The startup is not disclosing past investment amounts.
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