Barcelona-based multi-day package tour operator Exoticca has closed a new funding round at $30 million. The firm intends to use the funding to accelerate growth and is banking on strong consumer desire to once again set off into the wild blue yonder as borders begin to reopen. To date, the company has raised a total of $53 million.
Founded in 2013, Exoticca operates in the US, Canada, the UK, France, Germany and Spain, and handcrafts package tours to over 50 destinations worldwide. This manual selection is supported by an exhaustive use of tech, allowing the company to provide unbeatable prices all without compromising on the quality of the trip.
Exoticca plans to invest in further automating the booking process, hinting that acquisitions just might be on the horizon. As we’ve seen with that “other” (gigantic) travel service in town; when the industry is bleeding, those with the biggest bandages stand to clean up.
“Travel is back and we believe that this is the right time to invest in order to build a category leader in the multi-day package tour space,” commented CEO Pere Vallès.
The funding round was led by 14W and Mangrove, with Aldea Ventures participating. Existing investors Milano Investment Partners SGR, K Fund, Bonsai Partners, Kibo Ventures, and Sabadell Venture Capital all followed on.