Betterwood Raises Millions for Boutique Hotel Management: Travel Startup Funding This Week
Photo Credit: An image of a guest room at the Amber Hotel in Guiyang, China, that's managed by Betterwood Lifestyle Lab, a company that has received a Series A round of investment. Betterwood
Skift Take
Nine travel startups have recently announced more than $43 million in funding, collectively. Concepts include virtual interlining for airlines, management software for travel agents, and booking services for places like Namibia and South Korea.
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.
Ten travel startups have recently announced more than $43 million in funding.
Earlier this week, Skift sister brand Event MB reported on how event platform Bizzabo had raised $138 million in its Series E funding round, led by Insight Partners.
>>Betterwood, a tech-based management service for lifestyle hotel brands, closed a Series A round that was undisclosed but worth "tens of millions of U.S. dollars."
ZhenFund and INCE Capital participated. ChinaTravelNews first reported the funding.
Betterwood was co-founded by Ocean Link, an investment firm that has received investment from Trip.com Group. Betterwood founder Alex Zheng is a co-founder and partner of Ocean Link and the former founder of Chinese budget hotel brand 7 Days.
Spanish hotel brand Barceló has 50 properties under development with Betterwood, though the brand has mainly franchised through larger developer Plateno. Betterwood also works with other international brands, such as Ruby Hotels and its own b
