From Crisis Will Come Eventual Opportunity for Venture Capital in Travel: New Skift Research

Skift Take: We are headed into a winter for travel startups. But travel won’t be gone forever. And history teaches us that startups are often the first to pinpoint our industry’s new direction as we exit a crisis. — Seth Borko Read the Complete Story On Skift

Bimble Raises $1.5 Million for Trip Inspiration: Travel Startup Funding This Week

Roastery Toastery is a cafe tucked into a wall next to the entrance to the Chalk Farm Tube station in northwestern London. It’s an example of a place that new travel startup Bimble considers worth sharing with other travelers. Roastery Toastery Skift Take: This week, travel startups Bimble and Pruvo announced they had raised more … [Read more…]

Cloudbeds Raises $82 Million for Hospitality Tech: Travel Startup Funding This Week

Guests relax at Hostal Nacional, a hostel in Guadalajara, Mexico, that uses Cloudbeds software. Cloudbeds Skift Take: Cloudbeds’ ability to raise $82 million validates both its strategy and the broader hospitality tech sector. Other notable fundings this week include Checkfront, which helps tours-and-activities operators handle bookings and payments, and SuitePad, which supplies digital tablets to … [Read more…]

Yonder Raises $4 Million for Nature Travel: Travel Startup Funding This Week

The Cottonwood Creek Cabin is a mountain retreat near Chewelah, Washington. Yonder Skift Take: Yonder, Airside, GogoBus, and TPConnects announced investments this week, showing that startup funding continued despite the recent global coronavirus crisis. — Sean O’Neill Slim Leather Travel Passport Wallet Holder RFID Blocking ID Card Case Cover US $8.99End Date: Monday May-4-2020 1:55:00 … [Read more…]

Loyalty Prime Raises Funding for Subscription-Based Tech: Travel Startup Funding This Week

An image of The Sagamore, a property that belongs to Sagamore Preferred Hotels Group. Loyalty Prime, a startup that creates enterprise software to run loyalty programs, has raised $5.4 million (€5 million) in Series B funding, and the service is used by Preferred Hotels Group. Preferred Hotels Group Skift Take: Several travel companies, such as … [Read more…]

Turo Raises $30 Million More for Rental Car Bookings: Travel Startup Funding This Week

An example of a car available for sharing and rental on the marketplace Turo. This week, travel startups Turo, H20, Gtriip, Beekeeper, Immfly, Wishbox, and NannyBag announced more than $57 million collectively in funding. Turo Skift Take: This week, travel startups Turo, H20, Gtriip, Beekeeper, Immfly, Wishbox, and NannyBag announced more than $57 million collectively … [Read more…]

Frontify Raises $22 Million for Digital Brand Management: Travel Startup Funding This Week

Frontify Founder and CEO Roger Dudler launched the brand management platform in 2013. The startup, based in St. Gallen, Switzerland, has now raised fresh funding. Frontify Skift Take: Frontify helps companies like Lufthansa keep their brand assets in order, while Upgrade Pack offers a subscription service for access to exclusive discounts on flight and hotel … [Read more…]

Xiezhu Raises $37 Million for Smart Hotel Tech: Travel Startup Funding This Week

A photo of Haibin Chen, co-founder and CEO of Xiezhu, when speaking in September 2019 at a conference sponsored by the Century Forum at Hangzhou Taixu Lake Hotel. Xiezhu Skift Take: This week, travel startups announced more than $100 million in funding. One company to call out is Xiezhu. It provides software and hardware to … [Read more…]

SiteMinder Gets Funding Boost as Financial Titan BlackRock Bets on Hotel Tech

SiteMinder’s top executives talk at the company’s Sydney headquarters. From right: CEO Sankar Narayan and Co-Founder and Chairman Mike Ford. SiteMinder, a hotel tech startup based in Sydney, has closed a Series C round of funding, led by BlackRock, the world’s biggest money manager. SiteMinder Skift Take: To call a company the best-capitalized hotel tech … [Read more…]

DAQ Soft Raises $5 Million for Smart Tourism: Travel Startup Funding This Week

Chinese lucky wish bags cloak a large tree on Jin Li Alley in Chengdu, Sichuan, China, near the headquarters of Daqi Software, which provides services for commerce at tourism destinations like this one. Daqi raised funding this week. David Stanley / Flickr Skift Take: This week, travel startups DAQ Soft, The Guild, Shep, Hellotickets, Bob, … [Read more…]