Startups

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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.

4 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.

4 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.

4 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.

4 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.

4 months ago

Tiqets Raises $23 Million for Museum Ticketing: Travel Startup Funding This Week

Tiqets Raises $23 Million for Museum Ticketing: Travel Startup Funding This Week

Sean O'Neill, Skift

Tiqets tackled the hard problem of helping many museums that lacked tech savvy to adopt modern sales techniques. Now it's seeing a payoff. In other news, events tech company Headbox and online travel agency Sastaticket raised money.

4 months ago

Lufthansa’s Digital Hub Launches Software Unit to Help Others Sell Travel Better

Lufthansa’s Digital Hub Launches Software Unit to Help Others Sell Travel Better

Sean O'Neill, Skift

Lufthansa Group has responded to digital disruption by creating a company within a company, Yilu. The group's low-cost carrier Eurowings has already begun using the subsidiary's tools for cross-selling taxi rides.

4 months ago

Max Levchin’s Affirm Brings Installment Payments to Travel

Max Levchin’s Affirm Brings Installment Payments to Travel

Julie Verhage, Bloomberg

PayPal co-founder Max Levchin said his new startup Affirm is piloting a new product where consumers can pre-qualify for a 20-day period with a specific merchant to add on items as they build out their trip, such as flights, hotels, rental cars, seat upgrades. The new effort will bring stiff competition to other startups like Uplift, Airfordable, and AirWallex.

4 months ago

Sojern Raises $120 Million to Fund Travel Tech Expansion

Sojern Raises $120 Million to Fund Travel Tech Expansion

Sean O'Neill, Skift

Travel startups are receiving remarkable investor interest this year, suggesting a bit of irrational exuberance. But in Sojern's case, fundraising can be seen as recognition of a company that's taken years to build consistent, profitable growth. Its tools could be scaled up to address a multi-billion-dollar market.

4 months ago

PredictHQ Raises $10 Million for Event Analysis: Travel Startup Funding This Week

PredictHQ Raises $10 Million for Event Analysis: Travel Startup Funding This Week

Sean O'Neill, Skift

PredictHQ, which helps travel companies like Booking.com and Qantas anticipate surges in demand, was joined by other startups in announcing investments this week, including Hotelmize, Journy, KKday, and Smartvel.

4 months ago