13 Travel Startups Raise $600 Million in 2 Weeks
Photo Credit: Pictured: Passenger in an Alaska Airlines aircraft. The airline is an SAF investor with Twelve. Alaska Airlines
Skift Take
Twelve’s massive total fundraise of $645 million shows that the company is positioning itself for a future where alternative jet fuels aren’t just trendy, but essential. Skift has now reported 16 travel startups that have raised over $100 million so far this year.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.Two of this year’s 10 biggest startup fundraises so far happened in the past two weeks.
Between $200 million in venture capital and other financing, the alternative jet fuel company Twelve completed one of the largest rounds ever for its sector. And Engine, a business travel platform, raised $140 million in a sector that's seeing fast growth worldwide.
Skift has now reported on 16 travel startups that have raised over $100 million so far this year.
The past two weeks was also one of the busiest periods of the year so far: 13 travel startups raised over $600 million in venture capital.
Twelve: $200 MillionTwelve, a renewable jet fuel production startup, has raised $200 million in series C funding.
The round was led by TPG Rise Climate, Capricorn Investment Group, and Pulse Fund, with support from multiple firms: Fifth Wall, Northstar.vc, Toppan Global Venture Partners, Alaska Airlines, DCVC, Munich Re Ventures, Emerson Co
