Selina Raises $50 Million for Its Latin American Hotels: Travel Startup Funding This Week

This week, travel startups announced receiving more than $68 million in investment. >>Selina, a hospitality startup, has been provided a $35 million mezzanine facility from IDB Invest, a member of the Inter-American Development Bank Group, and a $15 million loan from Blue like an Orange Sustainable Capital. The investment goal is to support the continuity of the Panama-based company's expansion plans in Latin America and the Caribbean, the organizations said in a statement. "Upcycling existing inventory into vibrant lodging concepts that feature co-working spaces and highly-amenitized entertainment areas, represents a different value proposition," said Rogerio Basso, head of tourism of IDB Invest. "The ability to attract foreigners and locals alike makes the concept unique and authentic and contributes to our sustainable tourism development strategy to the region." In August, Selina debute