Vienna-based travel tech startup TourRadar, an online tour booking marketplace, has just scored $50 million in Series C funding. The round was led by TCV, with participation from existing investors Cherry Ventures, Endeit Capital, Hoxton Ventures and Speedinvest.
TourRadar sells multi-day tour experiences through over 600 operators across Europe, Asia, the Americas, Australia and New Zealand. Since 2010, the startup has grown rapidly, and now offers more than 25,000 tours in 200 countries on its platform. Customers can search by categories, geographies, prices and providers to book the tours of their choice.
TCV has backed several industry-leading companies in recent years including Airbnb, Expedia, HomeAway, Netflix, SiteMinder, Spotify, Vice, and Zillow. Erik Blachford, a venture partner at TCV, has joined TourRadar’s supervisory board in connection with the investment.
"The experience and knowledge in the online travel sector that Erik Blachford and TCV bring to the table is exactly what we were looking for as we embark on this exciting next chapter at TourRadar,” said Travis Pittman, CEO and co-founder at TourRadar. “This stage will well and truly bring our vision to life and we’re excited to do this with their guidance.”
TourRadar plans to use the new funding to expand its team globally and to invest in its technology platform to provide a more personalized user experience for customers.