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9M€ round in TravelTech for Pangea The Travel Store


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BY : Diego GutiérrezJuly Thu, 2019

Pangea The Travel Store is a clear example that travel agencies have not yet said their last word. This company has recently raised €9m in its latest round, demonstrating that this business model is still resilient in the face of new technologies, as are other companies in the sector that are analysed below.

Pangea The Travel Store has introduced a real revolution in the sector called TravelTech. Its concept is based on the idea of tailor-made, fully customisable journeys mixing digital and physical space. Compared to Ikea or DecathlonIts shops are far from the typical travel agency, and include shelves with guidebooks, a cafeteria for tasting local products and large spaces with different screens and technological devices.

The success of this formula can be seen in its 120 employees, the 40,000 travellers who have placed their trust in them and the amazing physical shops of more than 1,500 sqm.2 in Barcelona and Madrid.

In order to continue growing and accelerating its national and international expansion with two new openings in Valencia and Bilbao, and a future landing in Latin America in 2020, as well as to complete its value proposition in terms of technology, product and team, it has recently closed a new deal with the Spanish company. round from 9M€. In this way, Pangea intends to continue offering its clients hyper-personalised trips, with attention to the smallest detail.

Travel agencies are undergoing profound transformations, as reflected in their funding needs to continue to innovate.

Some of the most relevant rounds at TravelTech are:

EXOTICCA

It is an online travel agency specialising in the sale of long-distance travel that allows you to buy long-distance trips with multiple components completely online and at the best prices through its technological platform.. Since its inception in 2013, Exoticca has experienced exponential growth in turnover, reaching 23 million last year.

It has recently closed rounds amounting to 5,5M€ to finance the international expansion of the company, currently present in six countries and with plans to enter four new markets during 2019.

TRAVELPERK

This startup founded in 2015 is an online agency for the management and booking of business trips. The company's mission is to combine the best of corporate travel technology and consumer technology to deliver a seamless and reliable experience while providing companies with greater levels of control. Its 1,000+ customers include everything from government agencies to startups such as Uber or Glovo.

The recent round it has managed to close for 38M€ will allow Travelperk to continue its expansion in Europe and to broaden its customer base, especially in the small business segment.

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