German travel startup GetYourGuide lands €500 million from SoftBank

In a second major funding deal within one week, the Japanese behemoth SoftBank has just poured $500 million in Berlin-based travel startup GetYourGuide. The deal values the startup at €1.6 billion, according to a report by Deutsche Startups. GetYourGuide has told TechCrunch, however, that the report is “inaccurate” without offering a further explanation. SoftBank hasn’t […]

German travel startup Tourlane raises $24 million from Sequoia

Berlin-based travel booking platform Tourlane has raised a $24 million Series B funding round led by Sequoia Capital with participation from existing investors Spark Capital, Holtzbrinck Ventures, and DN Capital. Founded in 2016, the startup has now attracted a total of $34 million. Tourlane is a planning and booking service for individuals and groups that […]

UK-based Secret Escapes acquires what’s left of TravelBird after a few months of negotiations

It only took two weeks after Amsterdam-based TravelBird officially filed for insolvency for its assets to get acquired, the Financieele Dagblad reports. The UK-based Secret Escapes, a competing travel booking platform with a luxury focus, has made the largest bid “by far,” according to the bankruptcy curator Jan Padberg. The British company will receive the intellectual property, […]

Luxembourg’s B2B hospitality startup Travelsify picks up €5 million

Travelsify, a Luxembourg-funded hotel tech startup that offers advanced analytics for hotels, has raised €5 million in a funding round led by AccorHotels. The deal brings the total capital raised by the startup to over €8 million. Working with hotel groups, hotel investors, online booking platforms, technology providers, and targeted advertising platforms, Travelsify has come […]

Icelandic travel planning startup TripCreator raises $8 million

Reykjavík-founded itinerary building platform for travel agencies TripCreator has raised $8 million in funding from “a range of business angels and VC funds.” The company is opening sales offices in London and New York City and plans to move its headquarters to the US later this year. The company markets its solution to travel professionals, […]

Swedish travel tech startup Triple acquires rival Local Guddy

Swedish travel marketplace Triple has acquired Turkey’s Local Guddy, a rival company in the space. No terms were disclosed. The travel marketplaces connect travellers with locals to find unique experiences in each location. Emre Semercioğlu, Local Guddy’s founder, will be joining Triple as head of market growth. Coachsurfing CEO Casey Fenton will also be joining […]

Splitty raises $2.4 million for its hotel search platform

Travel tech startup Splitty has raised a seed round of $2.4 million from Techstars Ventures, Techstars Accelerator, AOL, and BIP Capital. Israel-based Splitty aggregates different rates from various travel wholesalers and online travel agencies. “Too many sites claim better prices but then deliver the exact same options as every other site and only marginal savings,” […]