Evaneos raises $80M, eyes U.S expansion

Evaneos, a marketplace for multi-day tours and activities, has raised $80 million in funding.

The round was led by Partech and Level Equity with Quadrille Capital also participating.

This is the fourth round of investment for the France-based company, which raised $21 million in a Series C round in May 2016.

Since then the company says it has been working on its digital experience as well as its software-as-a-service platform for its partner agents.

Evaneos has also expanded to offering the service in additional market including the Netherlands, Denmark and Sweden.

In a statement, the company says the funding, its client base of more than 300,000 travelers and its presence across nine countries in Europe makes it the leader in the multi-day tours sector on the continent.

Evaneos now says it wants to grow more rapidly and bring the “direct-to-local” concept outside Europe with the United States earmarked as an area of investment.

The company, which brings travelers and local travel agents together, is also looking to recruit for up to 70 new jobs by the end of 2019 across various disciplines including product and data science.

A further goal is to onboard 500 new local agents by the end of next year, bringing its total to 1,800.

Evaneos launched in 2009 and says it now has 180 employees.

The company is not the only multi-day tours specialist to catch the eye of investors, with TourRadar announcing a Series C round of $50 million at the end of June.