TravelPerk, a Spanish company that has grown into a global travel management platform, has acquired US business travel platform NexTravel to accelerate expansion in the US market. Financial terms of the deal were not disclosed. The acquisition will include NexTravel’s customer base, technology, employees and inventory. Founded in 2013 and launched from Y Combinator in […]
Barcelona-based Exoticca, a traveltech platform designing package tours to long-haul destinations, has closed a €5 million extension of its Series B, bringing the round’s total to €16 million. The extension was led by Milano Investment Partners with the participation of K Fund, Bonsai Partners, Pase Capital, Kibo Ventures and Sabadell Venture Capital. The other €11 […]
Hello! Here is what happened today in European tech: Deals – Copenhagen-based LogPoint, which provides cybersecurity automation and analytics solutions to help companies make better security, compliance and business decisions, has raised $30 million in Series B funding. – French fintech startup October (formerly Lendix) has raised some fresh capital in a non-equity funding round […]
Holidu, a Munich-based travel tech company, today announced a €5 million extension to its €40 million Series C round from last year. Notably, €4 million of that extension comes the personal fund of former Booking.com CEO and Uber advisor Kees Koolen, who frequently invests in this space and has been on the startup’s board since […]
Berlin-based Omio, the travel platform formerly known as GoEuro, has raised $100 million in a late stage convertible note. Existing investors Temasek, Kinnevik, Goldman Sachs, NEA and Kleiner Perkins joined the round, as well as some unnamed newcomers. The capital will help the company thrive through the coronavirus pandemic, when the travel sector has taken […]
This week, we talk about some of the biggest stories in European tech, including Opera venturing into fintech, Travelperk buying Albatross, scandals at Ubisoft and much more. Later in the show, you’ll hear an interview with Faisal Galaria, who joined British AR tech company Blippar as its new CEO last year.
Barcelona-based travel management platform Travelperk has acquired Albatross, a startup that offers an API for structured information on travel restrictions and local guidelines in the coronavirus era. This is the Spanish company’s first acquisition. Albatross’ technology and data will be incorporated into TravelCare, the platform’s travel risk management offering, but also remain a standalone product […]