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 days ago
Sean O'Neill, Skift
This week, travel startups announced more than $114 million in funding, including WhyHotel, Oyo, Noken, and Wow Venue.
2 days ago
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.
5 days ago
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).
1 week ago
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.
1 week ago
Sean O'Neill, Skift
Until recently, Selina has been a glorified hostel operator. Its ambition to provide work-life balance to millennials who travel internationally has been more of a work-in-progress than a consistent offering. Yet massive fresh funding this year will help drive Selina to become one of 2019's most fascinating experiments in hospitality.
2 weeks ago
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.
2 weeks ago
Maria Lenhart, Skift
Senior travel is a lucrative and growing segment, but many seniors stay home because they don’t want to go solo. A travel advisor’s new matching site for seniors may be a modest solution.
2 weeks ago
Dennis Schaal, Skift
Tablet Hotels found itself a world-class strategic buyer to propel its growth. Tablet as part of Michelin will face huge marketing hurdles, and the challenge of trying to reshape Michelin's legacy guide offerings.
2 weeks ago
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.
2 weeks ago
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.
2 weeks ago
Raini Hamdi, Skift
In what appears to be a clash of ideals and aspirations, the brains behind Traveloka’s technology, Derianto Kusuma, is leaving the company he co-founded in early 2012. It is telling how a startup that has reached unicorn status is changing. But is it for the better?
3 weeks ago
Seth Borko, Skift Research
Airbnb has built itself into the third most richly valued startup in the world over the last decade. But business never stands still, and as Airbnb harvests its gains, the latest generation of alternative accommodation startups are collecting all of the new venture capital in the space.
4 weeks ago