Venture capital invests in innovations in the tourism sector

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BY : Diego GutiérrezJuly Fri, 2016
In the last month several startups offering services in the tourism sector have received funding of more than €1M. These young companies, which are no more than 2 years old, are applying technology to revolutionise the tourism sector and want to grow in order to be competitive in the market.

tourism startups

Waynabox closes a €1M round

Waynabox is a company founded in 2015 specialising in organising getaways to surprise destinations that has already received 2 rounds of investment. The last one, amounting to €1.2M, was closed last June. The round was led by  JME Venture Capital and Bankinter Capital Riesgo also participated in it (through the Entrepreneurs programme of the Bankinter Foundation for Innovation), Palladium GroupGrupo Marjal and Media Digital Ventures' media for equity.

The objective of this round is to consolidate its position in Spain, developing improvements in its product and continuing to grow towards other European countries.

This is the second round of funding that Waynabox has closed in less than a year. The startup received its first investment of €250,000 in June 2015 and was supported by Across Business Partners, BigBan Shuttle Funding, Beat Inversiones, Energy Inversiones, Leo Chamarro and Cerycer Inversiones, which now return to accompany the company in this second round. In the course of this operation, the technology-based startup accelerator Intelectium has acted as financial advisor to Waynabox and has also invested in the company.

Waynabox is also in the process of approving additional public funding that will bring the current round to a total of almost €2M.

TravelC closes a one million euro investment round and takes over Hotelerum.

TravelC is a company that has developed a technological platform for organising tailor-made trips, based on an engine that allows you to configure a trip with customised stopovers and book it in a few moments. In addition, the platform coordinates a wide variety of services and offers from suppliers in a single session and makes it possible to include them in a single package, with a single transaction and a single payment.

This company started its activity in September 2014 and began deployments of its software in June 2015 and has just received its first €1M round. The round is aimed at strengthening the commercial deployment in the US and consolidating commercial actions in Europe and developing new technological improvements.

Pangea receives a €1.3M round to open its Barcelona shop

PANGEA offers more than 1,000 trips and leisure plans in 194 countries segmented by type of trip and traveller and with the minimum price guaranteed through any of its sales channels (shop, web or mobile). Its great added value is the more than 30 expert advisors in the destinations that are marketed and who help customers in a totally personalised way to make the trip that best suits their needs.

This company had already received a €3.6M round for the launch of the project from private and institutional investors such as JB Capital Markets, founded and chaired by Javier Botín; Inversiones Ibersuizas; and, personally, David Del Val, CEO of Telefónica I+D.

This new round is aimed at opening a new shop in Barcelona. In addition, PANGEA plans to expand to more cities both inside and outside our borders in the future.


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