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Articles tagged “fundings”

News Blog

Saudi Arabia Taps New $400 Million Fund to Help Build Ennismore Branded Lifestyle Hotels

Saudi Arabia's tourism development fund said it would help invest in the building of lifestyle hotels in the kingdom through a new hotel investment fund worth $400 million (1.5 billion Saudi riyals) that Al Rajhi Capital will manage. Ennismore, a lifestyle hospitality joint venture with Accor, will pinpoint locations, provide financing options, and lead the…

News Blog

Travel Startup Caravelo Raises About $3 Million in Funding for Travel Subscriptions Tech

Caravelo, a startup specializing in travel subscription services, said on Monday that it had received approximately $3 million (€3 million) in funding from Banco Sabadell via Sabadell Venture Capital and Inveready Venture Finance. Caravelo, based in Barcelona, said it had seen revenue from its travel subscription solutions double in the first half of the year.…

Startups

Evolve Raises $100 Million for Vacation Rentals: Travel Startup Funding This Week

This week, travel startups announced more than $690 million in debt and equity investment, including capital support for vacation rental players AvantStay, Evolve, and Plum Guide.

Evolve Raises $100 Million for Vacation Rentals: Travel Startup Funding This Week

Short-Term Rentals

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Nothing underscores how mainstream vacation rentals have become as seeing institutional investors get in on the action.

AvantStay Creates a $500 Million Fund for Investing in Short-Term Rentals

Startups

Certares and Hertz Lead Investment in Mobility Startup UFODrive

Hertz is now in a pole position among rental car brands in the race to adopt electric vehicles. Separately, it's notable that private equity firm Certares has begun placing venture equity bets in early-stage companies.

Certares and Hertz Lead Investment in Mobility Startup UFODrive

Travel Technology

Easol Raises $25 Million: Travel Startup Funding This Week

Easol, which is like a Shopify for experience operators, has gotten backing from top-tier investor Tiger Global. Meanwhile, BookMe, a startup in Pakistan, has also raised money.

Easol Raises $25 Million: Travel Startup Funding This Week

Startups

Hotel Engine Raises $65 Million: Travel Startup Funding This Week

This week, several startups of interest to the travel sector announced more than $170 million in funding.

Hotel Engine Raises $65 Million: Travel Startup Funding This Week

Travel Technology

Kyte Raises $30 Million for Rental Cars: Travel Startup Funding This Week

This week, travel startups, including rental car service Kyte, collectively announced more than $41 million in funding.

Kyte Raises $30 Million for Rental Cars: Travel Startup Funding This Week

Business Travel

Concur Co-Founder Is Back With Biz Travel Startup Spotnana

Second seasons often disappoint, but Steve Singh's comeback bodes well for blue-chip corporations. Singh is a business travel icon, and his ideas and energy may rev up the metabolism of travel managers, whether or not they buy into his new startup Spotnana.

Concur Co-Founder Is Back With Biz Travel Startup Spotnana

Airlines

All-Star Investors Katzenberg, Thiel, and Tosi Take Stake in Travel Startup Flyr

The WestCap Group has led a $150 million round in Flyr, a startup that helps travel companies boost their revenue. "Mogul management" appears to be the new "revenue management."

All-Star Investors Katzenberg, Thiel, and Tosi Take Stake in Travel Startup Flyr