Comtravo Raises $23 Million for Business Trip Management: Travel Startup Funding This Week

This week, travel startups announced $60 million in funding. >>Comtravo, a business travel booking startup, has raised a $23.4 million (€21 million) Series B round of venture investment. Endeit Capital led the round, which follows a $9 million Series A in 2017. New investors included Deutsche Bank and AER Ticket. Past investors Project A, Creandum, and Btov also participated. The Berlin-based company uses a mix of automation and human agents to help about 700 small businesses, such as the Nagel-Group, LG Innotek, and Hachez, book, manage, and expense their travel. The company lets businesses use email to interact with it. Many other rival tech companies require users to adapt to a booking tool or app. Comtravo translates emails into data it can manipulate. That helps it automate more than half of the process. Its software recommends promising travel options, based on a user's shared preferences and past choices. Travelers can book suggested itineraries by clicking a link in an email. Earl