Spanish travel tech startup Exoticca has landed €2 million in venture debt from Harbert European Growth Capital. This brings the total amount of financing raised by the startup to €5.5 million.
Exoticca's platform allows customers to customise and purchase tour packages to more than 50 destinations online. The company currently operates in Spain, the UK, France, Germany, the US, and Canada, and plans to open four new markets in 2019. The startup also stated that its sales have grown from €4 million in 2017 to €23 million in 2018.
“Our objective is to ‘democratize’ this segment of the travel market, making accessible and affordable to the general public those trips that only a small minority could afford before,” said Exoticca's CEO Pere Vallès.