SmarterTravel Revives After Tripadvisor Spinoff: Travel Startup Funding This Week
Photo Credit: This week travel startups announced more than $87 million in funding, including SmarterTravel, a set of content brands. source: smartertravel SmarterTravel
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This week a half-dozen travel startups collectively announced more than $87 million in funding, including SmarterTravel, a set of travel content brands once owned by Tripadvisor.
This week, travel startups announced more than $87 million in funding.
>>SiteMinder, a hotel booking technology startup, said on Tuesday it had received $74 million ($100 million Australian) in a Series D investment round. Fidelity International, the asset management titan, led the round.
The investment comes after BlackRock, the world’s largest money manager, in January 2020 took a sized equity stake in the Sydney-based startup, which helps hoteliers get guests online.
SiteMinder has begun preparations toward seeking regulatory approval to go public. The latest funding was at an enterprise valuation “in excess of” around $733 million (about $1 billion Australian), financial filings said.
Before this round, the company had raised approximately $120 million in capital from investors, including AustralianSuper, Ellerston, Pendal Group, and TCV (Technology Crossover Ventures). See Skift's story for more.
>>Smarte
