Startups

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Nezasa Raises $2.5 Million for Agency Software: Travel Startup Funding This Week

Nezasa Raises $2.5 Million for Agency Software: Travel Startup Funding This Week

Sean O'Neill, Skift

Nezasa, a provider of booking tools for travel agents, and Halan, an Egyptian ride-hailing service for tuk-tuks and motorcycles, have recently received funding.

2 months ago

Germany Makes Strides to Become ‘Europe’s Silicon Valley’ for Travel Startups

Germany Makes Strides to Become ‘Europe’s Silicon Valley’ for Travel Startups

Sean O'Neill, Skift

Germany's travel startup scene used to be barely breathing. But with the fundings of HomeToGo, GoEuro, and Tourlane this year, the country's day in the sun has arrived thanks to a few factors, including more funding, bolder thinking, and better mentorship.

2 months ago

AvantStay Raises $5 Million for Short-Term Rentals: Travel Startup Funding This Week

AvantStay Raises $5 Million for Short-Term Rentals: Travel Startup Funding This Week

Sean O'Neill, Skift

This week's travel startup funding announcements included bets on the popular themes of vacation rentals, co-living, corporate and business travel, and expense management.

2 months ago

Noken Raises $2.5 Million for Trip Planning: Travel Startup Funding This Week

Noken Raises $2.5 Million for Trip Planning: Travel Startup Funding This Week

Sean O'Neill, Skift

This week, travel startups announced more than $114 million in funding, including WhyHotel, Oyo, Noken, and Wow Venue.

2 months ago

Venture Capital Shows Growing Interest in New Hospitality Models: What Are the Risks?

Venture Capital Shows Growing Interest in New Hospitality Models: What Are the Risks?

Sean O'Neill, Skift

To quote a smart venture capitalist, "Just because investment money is pouring in doesn’t mean all bets are good bets!” WhyHotel itself may be a well-run business, but the sudden rush of venture money into a full array of hospitality businesses does raise eyebrows overall.

2 months ago

Tourlane Raises $24 Million for Multi-Day Tour Booking: Travel Startup Funding This Week

Tourlane Raises $24 Million for Multi-Day Tour Booking: Travel Startup Funding This Week

Sean O'Neill, Skift

This week investors bet more than $104 million on companies that help people plan trips (Tourlane, SnapTravel, Fineway, and AsiaYo), recruit hotel workers (Hosco), create adventure travel content (Roam), and book medical tourism (Hospals).

3 months ago

HomeToGo Buys a Near-Death Tripping in Vacation Rental Rollup

HomeToGo Buys a Near-Death Tripping in Vacation Rental Rollup

Sean O'Neill and Dennis Schaal, Skift

The acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors. It's not clear what the payoff will be for HomeToGo acquiring a Silicon Valley rival at vacation rental price-comparison. HomeToGo faces daunting expectations now, having raised $150 million.

3 months ago

SnapTravel Raises $21 Million With an Assist From NBA Star Steph Curry

SnapTravel Raises $21 Million With an Assist From NBA Star Steph Curry

Natalie Wong, Bloomberg

The travel industry startup ecosystem could use some fresh ideas, so we salute new investors placing bets like Steph Curry, the basketball star playing for the Golden State Warriors. Curry's investment in SnapTravel, a messaging-based hotel booking tool, holds promise but the outcome remains uncertain for the company, which has raised $22.4 million to date.

3 months ago

Bidroom Raises $17 Million for Its Hotel Booking Platform: Travel Startup Funding This Week

Bidroom Raises $17 Million for Its Hotel Booking Platform: Travel Startup Funding This Week

Sean O'Neill, Skift

Bidroom, one of Skift's Top Startups to Watch in 2018, aims to challenge traditional online travel agencies with an Amazon Prime-like subscription model. Plus, fundings galore for Festicket, GlobalTix, Zizoo, Hotel Effectiveness, Loisirs Enchères, Bookaway, LokaLocal, and Vacation With an Artist.

3 months ago

Plusgrade Nets $150 Million Investment for Auctioning Travel Products

Plusgrade Nets $150 Million Investment for Auctioning Travel Products

Sean O'Neill, Skift

A $150 million investment in Plusgrade may seem like a lot, given the scope of the market for the company's services. But we're not surprised that a business that specializes in drawing out the highest price from bidders in consumer markets would attract this level of funding.

3 months ago

Air France-KLM Launches a Unit to Churn Out Travel Startups

Air France-KLM Launches a Unit to Churn Out Travel Startups

Sean O'Neill, Skift

Can you really grow a unicorn in a lab? In other words, can companies like Air France-KLM read all of the innovation advice books in airport bookshops and methodically create the next Airbnb? We're skeptical. But the travel industry could use much more innovation.

3 months ago

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

VW-Backed Gett Ponders Its Strategy as Other Ridehailing Apps Pull Ahead

Giles Turner, Ruth David, and Manuel Baigorri, Bloomberg

Tel Aviv-based Gett aims to overtake Uber and Lyft. But some investors like Volkswagen and Vostok, a Swedish fund manager, aren't adding in more money. The lack of capital is hindering the startup's pace.

3 months ago