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Travel seed funding this week

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This week, travel industry startups, including Ayenda and Turismocity in Latin America, collectively raised more than $ 30 million in funding.

Sean O’Neill

This week, travel industry startups announced more than $ 24 million in funding.

>>Ayenda, which considers itself the largest digital hotel chain in Latin America, has closed a $ 10 million investment round.

500 Global led the round. Dalus Capital and IDB Lab also participated.

Ayenda, which has an Oyo-like business model, has raised a total of $ 20 million since its inception in 2018 in Colombia by Andrés Sarrazola and Christian Gómez. Former investors have included Softbank.

The startup operates through a franchise system in Colombia, Mexico and Peru. In total, he manages 280 properties.

>>Troop, an award-winning meeting management platform, has announced a Series A fundraising of $ 8 million.

The lead investor is Steve Singh of Madrona Venture Group and former CEO and co-founder of Concur.

Troop aims to facilitate the planning of corporate meetings and events.

>>Transfer, a large-scale taxi, received several million dollars in start-up funding.

The Amsterdam-based company, founded last year, offers travelers the option of ordering a taxi to and from the airport when booking their trip through a partner travel agency.

>>Tourism, raised $ 6 million from a group of individual investors. The Argentine company provides online travel agency and metasearch services. It recently acquired FareCompare in the United States and Quanto Custa Viajar in Brazil.

>>Welcome, a city guide powered by friends, travel experts and computers, announced it has raised a total of $ 4.2 million in seed and pre-seed funding

Accel led the round. Lakestar Ventures also participated. The startup is founded by a team that previously co-founded a mobile video editing platform, Cameo, which was acquired by Vimeo.

According to the company, “the user-friendly interface combines the utility of a map or location app with an immersive social experience that allows users to see smart and personalized suggestions as well as access to recommendations, lists and articles from trusted friends and travel reviews. and lifestyle brands.

>>TravClan, a business-to-business travel technology startup, raised $ 2.2 million in a funding round.

TheVentures, a venture capital firm based in Korea and Singapore, led the round. Leo Capital and angel investors also participated.

In the words of the startup, it is a “one-stop-shop for travel agents, offering assistance in generating leads online, building their own website, planning vacation packages and itineraries, and offering global hotel reservations as well as flight sales “.

Skift cheat sheet:
We define a startup as a company formed to test and build a repeatable and scalable business model. Few companies meet this definition. The few that often attract venture capital. Their fundraising rounds come in waves.

Seed capital is the money used to start a business, often run by angel investors and friends or family.

Series A funding usually comes from venture capital firms. The cycle aims to help the founders of a startup make sure that their product is something that customers really want to buy.

B series funding is primarily for venture capital firms that help a business grow faster. These rounds of funding can help recruit skilled workers and develop profitable marketing.

C series financing usually involves helping a business grow, for example through acquisitions. In addition to VCs, hedge funds, investment banks and private equity firms often participate.

D series, E and beyond These predominantly mature companies and the round table can help a company prepare to go public or be bought out. Various types of private investors could participate.


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