There’s no question that travel search is changing with generative AI, but the jury is out on who the big winners will be. Mindtrip is jumping onboard as travel companies attempt to seize the opportunity.
Thayer, the best-known VC firm that invests in travel startups, is essentially merging with a newer fund called Derive. The deal is being pitched as a way to "drive innovation in travel tech," which is VC-speak for "we want to make money off the next big thing in travel apps."
Vitruvian Partners' additional $50 million investment in Civitatis underscores the company's appeal as a niche marketplace. The company plans to use the funds to solidify its leadership in Latin America.
Short-term rental regulations in New York City have harmed some businesses, but here's an example of a startup whose founders said the rules have helped.