Dreamlines sails home with €45 million to expand cruise platform

Cruise booking platform Dreamlines has brought its total funding to over the €100 million mark with a new €45 million capital raise.

The German company has secured the Series E round in a package led by Princeville Global.

Previous investors are also participating in the investment, including Holtzbrinck Ventures, Target Global and Global Founders Capital.

The latest round more than doubles the two biggest previous investments brought in by the six-year-old company.

Dreamlines won a Series C to the tune of €20 million in November 2014 and a venture round of €18 million in February last year.

The total raised by the company has now hit €106.7 million.

The company has expanded rapidly since its formation in Germany, with offices in another nine countries and securing partnerships with what is claims are more than 100 cruise operators around the world.

It plans to use the latest funding to continue with its international expansion strategy.

Cruise has been seen as one of the preserves of the traditional offline travel agency marketplace, due the often complex nature of bookings, ancillary products such as excursions, typical age of customer and high ticket price.

Princeville has previously backed vacation rental metasearch site Tripping, as well as user car marketplace Auto1.