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Take and change
– Justin Dawes
Two travel tech startups raised nearly $28 million this week.
>>the worldA planning and booking platform for travel providers has raised €25 million ($27.3 million) in Series B funding.
The investors were Crédit Mutual Innovation, Banque de Territories and French Founders along with previous investors Red River West, Caphorn and RAISE Ventures.
The Paris-based company said its business-to-business technology platform enables travel agencies and other suppliers and distributors to plan and book multiple parts of a trip in one place.
Worldia is a white label platform, which means customers can easily customize the version they use to match the company’s branding.
The platform has access to 4,300 activities and 16,000 hotels in more than 80 destinations, the company said. It is used by more than 3,500 agencies and distributors, mainly in France.
The company is expanding into Germany, Belgium and Spain and recently conducted its first pilot in the U.S. The company now plans to expand further into Europe and North America.
In addition to geographic expansion, the money will go toward hiring, expanding relationships to offer more products, increasing destination services and strengthening the technology platform.
“At Red River West, we strongly believe that personalized travel is the future of the industry. As a connected travel activity tracker, Worldia is poised to open up a huge opportunity for itself and its partners, Red River West founding partner Antoine Boulin said in a statement. With an impressive four-fold growth compared to 2019, Covid has greatly accelerated the adoption of their flexible packaging solution by travel professionals and pure players alike.
Worldia has already raised 19 million euros ($20.7 million) in Series A funding, Crunchbase reported.
>>Travel. WinA platform that offers travel products for loyalty programs in financial institutions, has raised $550,000 from new and existing investors.
The Florida-based startup partners can use the platform to integrate branded online travel stores as part of their loyalty program to help increase credit card spend, loyalty and revenue. Customers include Bank of America, NCR and “the largest crypto exchange in Q3,” the startup said.
The startup will create an online travel store, which banks can then simply integrate into their loyalty programs. Customers can purchase travel products using their loyalty points.
The money will go towards further expanding the company’s platform.
Travel.win recently launched a $1.2 million crowdfunding campaign.
| Company | Level | led | Grow up |
|---|---|---|---|
| the world | Series B | Crédit Mutual Innovation, Banque des Territories and French Founders | 27.3 million dollars |
| Travel. Win | Not specified. | Not specified. | 550,000 dollars |
Skift cheat sheet
Seed capital is money used to start a business, usually led by angel investors and friends or family.
Series A Financing is typically sourced from venture capitalists. The purpose of the round is to help startup founders prove that their product is something their customers really want to buy.
Series B Finance is primarily for venture capitalist firms helping a company grow rapidly. These fundraising rounds help recruit skilled workers and develop cost-effective marketing.
Series C Financing is typically about helping a company expand, for example through acquisitions. In addition to VCs, hedge funds, investment banks and private equity firms are often involved.
Series D, E and beyond These are primarily mature businesses and the funding can help a company prepare to go public or be acquired. Different types of private investors can participate.
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