Travel seed funding this week – Skift


Each week, we bring together travel startups that have recently received or announced funding. Please email Sean O’Neill, Travel Technology Editor, at [email protected] if you have any news about the funding.

This week, travel startups announced more than $ 30 million in funding.

>>Transparent, a vacation rental market intelligence company, received an undisclosed investment from JetBlue Tech Ventures (JTV), the venture capital subsidiary of JetBlue Airways.

The round brought the startup’s total funding raised to date to $ 2.8 million from investors, including K Fund, Highgate Ventures and Kima Ventures.

“Given JetBlue’s interest in providing short-term rental options to its customers and the recent volatility in demand from the travel industry, accurate data is imperative for making sound business decisions,” said said Ryan Chou, investment partner at JTV.

JetBlue said last November that it plans to cross-sell to its customers on non-airline products such as short-term rentals using a partner, but marketing the rentals through a brand it owns, managing probably internal customer service, like Change reported.

Transparent brings together a mix of first-party data from professional vacation rental managers and publicly available data on vacation rental market conditions. Its tools allow players to study trends, such as property management companies, hotel companies, destination marketing organizations, and distribution companies. Transparent tracks average daily rates, average lengths of stay and average occupancy rates while keeping an eye on competitors and identifying new sources of demand.

Transparent was founded in 2016 by CEO Pierre Becerril, Nil Sanz and Drew Patterson. It uses technology to recognize and deduplicate lists that appear on multiple sources in order to provide more accurate information.

“The fact that an airline is investing in us underlines how much the vacation rental industry has changed over the past five years,” Becerril said.

JetBlue announced separately on Thursday that it had appointed Amy Burr president of its venture capital affiliate. Burr succeeds Bonny Simi, the founder of JTV. Simi recently joined the JTV portfolio company Joby Aviation, manufacturer of electric aircraft, in December 2020 at the head of flight operations and men.

Burr said in an interview that JTV will continue to invest in startups. He recently invested while booting Universal hydrogen, aimed at creating carbon-free flights, and with another start-up investment, likely with a sustainability theme, to be revealed later this year.

Burr said his team is also working hard to help JetBlue decision makers understand market opportunities in the technology arena. His team recently completed a 12-week strategy review for JetBlue’s Environmental Services Group (ESG). The JTV team has just launched a project to help the company with technology and payment processes.

>>Treebo, a travel start-up in India, said it had raised $ 16 million in a Series D funding round.

Accor Hotels led the round. Bennett Coleman & Company Limited (owner of Economic times), Elevation Capital, Matrix Partners, Bertelsmann and Ward Ferry also participated in the round.

Accor has started deploying Treebo’s cloud-based hotel management software in select properties. CEO and Chairman of the Accor Group, Sébastien Bazin, discussed the announcement with the Treebo team during a video call.

Bengalaru-based Treebo is a brand aggregator of over 500 budget hotels in dozens of cities in India that has faced stiff competition from larger competitors. Oyo. Treebo and another similar brand, FabHotels, pursued an antitrust case against MakeMyTrip Group over allegations the online travel giant stopped distributing its rooms because Oyo insisted on an exclusivity clause.

Treebo launched a software service called Superhero Hotel, which offers property management software based on a monthly fee linked to the number of rooms-night sold through the system. The software suite helps hoteliers manage reservations, plan rates, manage distribution channels, collect guest information in a structured manner and enter data into financial reporting systems.

The funding has enabled the company to bring back about 65 workers who left during the pandemic under a government-backed paid voluntary resignation program.

Treebo has raised more than $ 69 million to date, according to Crunchbase.

>>Speed ​​companies, a Singapore-based venture capital firm specializing in hotel and travel technology in Southeast Asia, is raising $ 20 million in fund.

In the meantime, the company has made its first two investments, said Nicholas Cocks, founder and managing partner. The investments included an in Zuzu’s hospitality, a Singapore-based hotel distribution and revenue management software solution serving independent hotel companies, and one in Aigens, a cloud-based tool to support online food and beverage ordering. The company did not disclose the amounts of the investments.

>>A map, an event and corporate platform, raised $ 3.8 million in Series A funding round. Pembroke VCT and Eppes Creek Ventures led the round.

Music festivals and professional sports organizations have used the startup’s 3D renderings to help design and produce their events.

To learn more about it and over $ 770 million in event technology investments so far this year, read EventMB mid-year investment outlook.

>>Camplify, a recreational vehicle (RV) and motorhome rental market, was the subject of an initial public offering on the Australian Securities Exchange.

The event gave the New South Wales-based company a valuation of around $ 30 million (AU $ 42.1 million), reported SmartCompany.

>>ZeroAvia, a manufacturer of an aviation hydrogen fuel cell powertrain, closed a $ 13 million funding round.

>>comfortable, an online travel booking engine, received a $ 100,000 grant to advance the Austin Football Club Dream start-up program.

At Ease aims to help U.S. Federal and Military personnel and families reserve apartments, rental homes, condominiums, or hotel stays related to permanent job changes, temporary duties, and changes in leave and duty. freedom. It is headed by Anthony Gantt. Kxan reported on funding.

>>Montefiore investment, a private equity firm, has been tasked with a fund of around $ 210 million (€ 173 million) to help the country’s tourism and leisure businesses during the pandemic.

Le Nov Tourisme – Sustainable Relaunch France. Investments so far have included a group of travel agencies World travelers, tours and activities company Paris Experience Group, and mountain holiday company MMV. Story at Shift.

Skift cheat sheet:
We define a startup as a company formed to test and build a repeatable and scalable business model. Few companies meet this definition. The few that often attract venture capital. Their fundraising rounds come in waves.

Seed capital is the money used to start a business, often run by angel investors and friends or family.

Series A funding usually comes from venture capital firms. The cycle aims to help the founders of a startup make sure that their product is something that customers really want to buy.

B series funding is primarily for venture capital firms that help a business grow faster. These rounds of funding can help recruit skilled workers and develop profitable marketing.

C series financing usually involves helping a business grow, for example through acquisitions. In addition to VCs, hedge funds, investment banks and private equity firms often participate.

D series, E and beyond These predominantly mature companies and the round table can help a company prepare to go public or be bought out. Various types of private investors could participate.

Photo credit: A luxury vacation rental available for booking on the Costa del Sol from OneFineStay, a brand that is part of Accor. Accor has invested in Treebo Hotels. Transparent is a startup that tracks sales of vacation rentals and other accommodations. Onefinestay



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