Data Firm Journera Raises Another $10 Million: Travel Startup Funding This Week

Journera Chief Executive Jeffrey Katz has big news and a bolder prediction to share this week. The news: The closely watched travel data-sharing company raised another $10 million in a Series B-1 round from blue-chip venture capital firms led by B Capital and including new investor Par Capital, Boston Consulting Group and Andreessen Horowitz. That brings the six-year old company's total venture capital to $30.6 million. The not-quite-promise: Journera will turn profitable in 2023.

"Profitability is on the horizon for us, as soon as next year if we keep costs low," said Katz, a former chief executive of online travel agency Orbitz. "The market is collapsing, and we just closed a round.''

The Chicago company connects different travel providers, sharing encrypted data about customers to help smooth their journeys, Katz said. Much of its promise is about solving problems that result from things like flights that arrive early or late, alerting hotels and ground transportation companies that their clients' plans have changed. Data can also be used to offer upgrades and other services, he said.

The idea has intrigued the industry ever since Skift put Journera on its list of travel companies to watch back in 2018. In a way, it plays on the popularity of cloud computing and customer