DCS Plus, which provides technology solutions to a wide range of travel companies, gained Credo Ventures as a new investor.
The amount of the investment was not disclosed, but DCS Plus said that together with a 2015 investment by Earlybird Venture Capital, the total invested so far is $6.2 million. Both investors are focused on technology investments in Europe.
Bucharest-based DCS Plus touts itself as a “Direct Connect technology partner” of the Lufthansa Group, enabling travel agencies and other sales channels to offer bookings of Lufthansa, Austrian Airlines, Brussels Airlines and SWISS through either the GDS or the direct-connect option, whichever is most beneficial to the client.
Cristian Dinca, chief executive officer and founder of DCS Plus, said the company already is preparing the launch of some “game-changing technologies quite soon.”
Dinca said the company, which serves travel management companies, destination management companies, online travel agencies and tour operators, also plans to strengthen its presence in existing markets and to expand its international operations in new regions.
"Our focus areas for the following period are represented by the Middle East, Central and North Africa and Southeast Asia.
"These regions are full of opportunities and with an increased appetite for scalable travel technology."
The first step in the expansion strategy is the opening of a new office in Dubai during the second quarter of 2017 to serve travel agencies in GCC countries.