Articles tagged “BlackRock”

News Blog

Indonesia’s Traveloka Lands $300 Million Funding

Indonesia's leading online travel agency Traveloka will be receiving a fresh round of funding of $300 million from Indonesia Investment Authority — the newly-formed sovereign wealth fund of Indonesia, investment management agency — BlackRock, Allianz Global Investors, Orion Capital Asia and other global financial institutions. The financing round is said to have attracted significant interest…

Peden Doma Bhutia | 2 years ago

News Blog

Virgin Voyages Raises $550 Million in Funding With BlackRock as New Backer

Virgin Voyages has raised $550 million in fresh capital led by new investor BlackRock, with additional financing from existing investors Bain Capital Private Equity and Virgin Group, plus support from other lenders. The cruise line, created by entrepreneur Richard Branson, debuted during the pandemic and operates two ships. It is positioned as a premium brand.…

Sean O'Neill | 2 years ago

Airlines

Lufthansa Will Raise $2.5 Billion to Help Pay Off Some of Its State Loan

From the outset, CEO Carsten Spohr appeared determined to pay back the government as soon as possible. He's sticking to that.

Christoph Steitz, Reuters | 3 years ago

Lufthansa Will Raise $2.5 Billion to Help Pay Off Some of Its State Loan

Online Travel

SiteMinder Gets Backing From Financial Giant Fidelity Ahead of Hotel Software IPO

SiteMinder minimized the pandemic's hit to revenue by selling new tools to help hotels with payments and digital marketing. No wonder Fidelity International wanted to invest ahead of the startup's likely initial public offering in 2022.

Sean O'Neill, Skift | 3 years ago

SiteMinder Gets Backing From Financial Giant Fidelity Ahead of Hotel Software IPO

Tourism

Investment Giant BlackRock Eyes Investing in Mexico’s ‘Mayan Train’ on Yucatan Peninsula

BlackRock is seeing the value of Mexican tourism. The long-anticipated Mayan train project could get a huge boost if the Wall Street giant moves ahead with an investment.

Raul Fernandez Cortes and Drazen Jorgic, Reuters | 4 years ago

Investment Giant BlackRock Eyes Investing in Mexico’s ‘Mayan Train’ on Yucatan Peninsula

Online Travel

SiteMinder Gets Funding Boost as Financial Titan BlackRock Bets on Hotel Tech

To call a company the best-capitalized hotel tech startup might seem like pointing out the tallest leprechaun. But while SiteMinder serves only about 36,000 hotels out of a million worldwide, new funding from cash-rich investor BlackRock could fuel the hotel connectivity startup's growth substantially.

Sean O'Neill, Skift | 4 years ago

SiteMinder Gets Funding Boost as Financial Titan BlackRock Bets on Hotel Tech