The French shared economy startup GuestToGuest, a platform that enables home exchanges for travellers, has just acquired the American startup HomeExchange after raising €33 million. The two founders, Charles-Edouard Girard and Emmanuel Arnaud, relied on the substantial investment to finance the transaction. The funding came from Maif and other previous private investors.
UK-based Blue Bay Travel, an online travel agent , has received a £6.5 million investment from the private equity firm LDC. Blue Bay Travel specialises in holidays to the Caribbean, Mexico and Indian Ocean and provides holidays to more than 16,500 passengers per year, and saw a 31% increase in bookings in 2016.
UK-based Travelopia, a specialist travel group, has been acquired by the global investment firm KKR. The company was bought from the German firm TUI for €381 million, reports Market Watch.
The Priceline Group has signed a deal to acquire UK and Denmark-based travel search site Momondo Group for $550 million in cash. Momondo offers a metasearch engine for hotels, flights, and cars in Europe. Priceline bought the company from its previous owner Great Hill Partners, a private equity firm that invested $130 million in the Momondo Group in 2014 taking a majority stake.
Cambridge-based airfare prediction app Hopper has raised $61 million in a Series C round of funding led by Caisse de dépôt et placement du Québec (CDPQ).
Danish apartment manager Novasol has agreed to take over the former Rocket Internet start-up Wimdu for an undisclosed amount. Novasol is one of the largest European property managers with 44,000 units and is part of the publicly-traded US travel company Wyndham Worldwide, which also owns the brands Ramada and Tryp.
Musement, a destination discovery service, has raised $10 million in a Series B led by Micheli Associati with participation from P101 and 360 Capital Partners. Musement is a travel and tourism tech startup that connects users with tours, sport and music events, and other attractions. For example users can receive a push notification when they’re […]