Skift Take
WeTravel finds itself in a competitive payments market. The company had a good first year, and expanding to larger travel companies is likely on its to-do list.
Each week we round up travel startups that have recently received or announced funding. The total companies publicized this week was more than $83 million.
Earlier this week, we reported on how hotel revenue management company Duetto raised an $80 million Series D round. The company’s total funding stands at $143.2 million since it was founded in 2012.
We also noted how hotel revenue management remains a complex challenge for hotel brands, and a variety of software-as-a-service companies have stepped up with more user-friendly and powerful solutions.
Here are additional fundings to report:
>>WeTravel, a payment platform for small and medium-size travel companies, raised a $2 million seed round. This is the first funding round the San Francisco-based company has raised since it was founded in 2016.
The company said investors include Berkeley-based The House Fund, 500 Startups, Amino Capital, Brett Wilson, the former CEO of TubeMogul, and other investors.
WeTravel allows travel companies to create booking pages for clients, accept payments and manage promotion, communication, and financials. The company had more than $15 million in transactions in 2017, and recently opened a European subsidiary to start its international expansion.
>>HeyHolidays raised a $1 million seed round led by Hampton Capital. This is the Singapore-based company’s first round since it launched in 2016. HeyHolidays is an alternative accommodation rental site for cities and resort destinations around the world.
Take a look at our New Skift Research Report: Venture Investment Trends and Startup Opportunities in Travel 2018
Check out our previous startup funding roundups here.
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
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Photo credit: Startups that we tracked, such as HeyHolidays pictured here, raised $3 million this week.