Startups

China’s HNA Invested $28 Million to Start a U.S. Online Travel Agency and Abruptly Closed It

China’s HNA Invested $28 Million to Start a U.S. Online Travel Agency and Abruptly Closed It

Dennis Schaal, Skift

HNA Group tried to enter the U.S. online travel agency market through Travana/Janbala and abruptly had a change of heart either because the startup didn't know what it was doing or because of some other dynamic in the opaque world of Chinese investors. Consider this a slight bump in the road.

2 months ago

RoomChecking, Esplorio and More: Travel Startup Funding This Week

RoomChecking, Esplorio and More: Travel Startup Funding This Week

Sean O'Neill, Skift

International Airlines Group (owner of British Airways and Iberia) has invested in a couple of travel startups, while Paris-based RoomChecking makes a striking debut as a next-gen hotel operations startup — plus more news.

2 months ago

Screening Company Clear Raises $15 Million: Travel Startup Funding This Week

Screening Company Clear Raises $15 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

Long-promised improvements to airport security screening and rebooking in the event of flight disruption may finally be in the offing, thanks to follow-on rounds of fundings to the startups Clear and Freebird.

2 months ago

Flight Disruption Startup Freebird Snares Funding from General Catalyst and Accomplice

Flight Disruption Startup Freebird Snares Funding from General Catalyst and Accomplice

Sean O'Neill, Skift

It's nice when folks smarter than us land on the same dime. General Catalyst and Accomplice, the famed venture capital firms, join us in seeing promise in Freebird, which gives corporate travel agencies superpowers when it comes to rebooking travelers.

2 months ago

Peek Acquires Zozi’s Assets in Further Consolidation of Tours and Activities Tech Sector

Peek Acquires Zozi’s Assets in Further Consolidation of Tours and Activities Tech Sector

Sean O'Neill, Skift

The market for software to tour merchants is fragmented without a single clear leader. Yet Peek now has an advantageous position, thanks to the acquisition of the assets of one of its chief rivals.

2 months ago

HotelPlanner Picks up TravelTicker: Travel Startup Funding This Week

HotelPlanner Picks up TravelTicker: Travel Startup Funding This Week

Sean O'Neill, Skift

The group booking company is on an acquisition spree. Plus, other startups raise funding for booking platforms for serviced apartments, event spaces, and branded budget hotels, while one Indian booking site gets a new investor owner.

2 months ago

Thayer Ventures’ New Travel Tech Fund Will Be Cautious About Consumer Startups

Thayer Ventures’ New Travel Tech Fund Will Be Cautious About Consumer Startups

Sean O'Neill, Skift

Despite the recent attempts at corporate venture capital by JetBlue, Booking.com, and other big players, many travel companies prefer to invest in startups via traditional venture funds instead.

3 months ago

Booking Tech Platform Triptease Raises $9 Million: Travel Startup Funding This Week

Booking Tech Platform Triptease Raises $9 Million: Travel Startup Funding This Week

Sean O'Neill, Skift

Triptease has successfully faced down legal threats from Booking.com over its tactics to help hotels boost direct bookings. The startup says it has signed up 17,000 hotels as clients.

3 months ago

A Data Dive Into European Venture Capital: Top Companies by Funding

A Data Dive Into European Venture Capital: Top Companies by Funding

Dave Montali, Skift

Diving into the data of European VC reveals that while new tech-hubs are emerging, the landscape is still vastly dominated by the traditional trio of well-established tech-hubs. Namely London, Paris, and Berlin.

3 months ago

The Venture Capital Funding Gap in European Travel

The Venture Capital Funding Gap in European Travel

Dave Montali, Skift

Venture capital's returns are usually achieved in the long-term, a great match for pension funds. However, European pension funds are still reluctant to allocate money to VC, considering it a risky venture.

3 months ago

Hundredrooms Gets $4 Million for Vacation Rental Metasearch: Travel Startup Funding This Week

Hundredrooms Gets $4 Million for Vacation Rental Metasearch: Travel Startup Funding This Week

Sean O'Neill, Skift

Hundredrooms plans to challenge Tripping.com and AllTheRooms in vacation rental metasearch. Meanwhile, OneTwoTrip gets more funding, while Coras and Ithaca debut.

3 months ago

Tours Platform Zozi Parts Ways With Founder and CEO, Lays Off Some Staff

Tours Platform Zozi Parts Ways With Founder and CEO, Lays Off Some Staff

Sean O'Neill, Skift

The once lavishly funded tours startup Zozi says it is still healthy, though it had to lay off many employees. The restructuring will have Zozi de-emphasizing its consumer product to "double down" on its B2B reservation service unless another player swoops in for its assets.

3 months ago