Socio Raises $6 Million for Event Management: Travel Startup Funding This Week

This week travel startups announced approximately $95 million in funding. Earlier this week, RedDoorz, a branded budget hotel chain, raised $45 million in a Series B round. The Singapore-based competitor to much-larger Oyo had its round led by Chinese venture capital firm Qiming Venture Partners. Qiming was joined by MNC Group. Also this week United Air Lines took a stake in Clear, a biometric tech company that aims to help travelers pass through security screening more quickly. The New York-based tech company has raised more than $35 million over time. Earlier this week Wyndham Destinations said it would take an equity interest in vacation rental property management service Vacasa of up to $30 milli