The round was led by A/O PropTech with existing investors DTCP, JAL Ventures and Forestay Capital also participating. A/O and Fornova have also formed a design partnership which will see Fornova’s Hotels BI platform put into A/O’s portfolio of 150 hotels. The idea is to gain insight on how the business intelligence technology is used by [...]
In yet another move to show its commitment to the vacation rentals business, OYO acquired data science business Danamica for an estimated $10 million. The Denmark-based company specializes in dynamic pricing of rental properties. As mentioned in Travel Tech Essentialist #8, Oyo wants to build the largest vacation rental business in Europe, and is planning [...]
Airbnb led Atlas Obscura's recently announced Series B round, which netted the media and events company $20 million in fresh financing. The deal is one of several good-sized rounds that counted Airbnb as a lead investor or participant. read more
As Booking.com’s Chief Executive Officer, Glenn D. Fogel is responsible for the global strategy and operations of Booking.com, including the management of all business units within the organisation. Glenn also serves as the President and Chief Executive Officer of Booking Holdings, the parent company of Booking.com and other digital brands, a position he has held [...]
The web was designed to be a document-sharing system. As a result, much of the data it contains is text-based, and has limited provisions for machine-readable, structured data that can be easily organized for humans at scale. The notable exception is extensible markup language (XML), which is primarily used by developers for business purposes. The [...]
Hospitality data intelligence provider OTA Insight has secured a major funding round - $20 million - in a bid to grow the company faster on a global basis. The round was led by Eight Roads Ventures and saw participation from F-Prime Capital Partners and some of its previous, unnamed backers. The U.K.-based company was created [...]
La Sociedad de Capital Riesgo Travel Tech I ha invertido en Servantrip para posicionarlo como el consolidador B2B de traslados y chofer por horas de referencia en el sector de viajes a nivel internacional. Servantrip, a través de su tecnología propietaria, proporciona a las agencias de viajes, tour operadores, líneas aéreas o bancos de camas, [...]
Dentro de su participación en el Travel Innovation Summit organizado por Top Seeds Lab, con el apoyo del Grupo Jumbotours, asistimos a la determinación y entusiasmo emprendedor de Pol Perpiñan, quien con tan solo 15 años no rehuye el reto de ayudar a transformar la indutria turística, con un proyecto centrado en el alquiler colaborativo de vehiculos [...]
Busbud, the online marketplace that enables global travelers to shop for and book intercity bus tickets on over 1.4 million bus routes worldwide, today announced the close of US$11 million in series B funding (approximately CAD$14 million). The round is led by iNovia Capital and includes new investors Teralys, Claridge and Plaza Ventures, as well [...]
Joymode, an innovator in the movement from ownership to access, today announced the closing of a $14.4 million Series A investment led by Naspers through its Naspers Ventures division with participation from previous investors. Also announced today, Mike Katz of Naspers Ventures, has joined Joymode’s Board of Directors. Joymode members can access thousands of products [...]