Travelio Raises $18 Million for Extended Stay Booking: Travel Startup Funding This Week

This week, travel startups announced more than $31 million in funding. >>Travelio, a booking site that helps people find temporary housing in urban areas, has raised an $18 million Series B round. Pavilion Capital, which is a unit of the Singapore government holding company Temasek, and Gobi Partners, the Chinese-based investor in early-stage travel tech companies worldwide, led the round. Two years ago, Travelio had raised $4 million in Series A investment. The Jakarta-based online booking agency works with property owners and developers to furnish vacant apartment units and rent them out on either a short-term or extended-stay basis. >>Refundit