Berlin-based travel booking platform Tourlane has raised $20 million in an extension of its Series C, which initially closed at $47 million back in May 2019. Previous investors Sequoia Capital, Spark Capital, DN Capital, and HV Capital, as well as both founders, participated in the round – boosting the company’s total capital raised to over $100 million. The extension gives Tourlane financial stability during a very uncertain time for the travel industry, and helps the company “get ready for the new demand when the market bounces back,” says Julian Weselek, the startup’s co-founder and co-CEO.
The other Julian and other co-CEO and co-founder, Julian Stiefel, added: “With this latest funding round, we are continuing to invest in our technology and product experience, while at the same time ensuring maximum flexibility for our customers.”
The platform helps users organise multi-day trips, booking flights, accommodation and activities in one place. consulting. The company works directly with providers in more than 50 destinations. Founded in 2016, the travel startup raised a $24 million Series B in December 2018.
Photo: Tourlane founders Julian Steifel and Julian Weselek