Exoticca, a multi-day package tours specialist, has raised $30 million in a Series C round.
The investment in the Spain-based business was led by 14W and Mangrove Capital Partners with Aldea Ventures and existing investors also involved.
Exoticca has now raised $53 million, including its Series B round of €11 million two years ago followed by a €5 million top-up investment in October 2020.
The company offers package tours, with itineraries put together by destination experts, to more than 50 destinations.
The company claims it has managed to increase sales despite the pandemic saying free cancellation, heavily discounted prices and extended travel window all contributed.
The latest investment will be put towards accelerating growth with Exoticca planning to invest in technology as well as product developments.
The company says it will also consider growth through acquisitions.
Pere Vallès, Exoticca’s CEO, says: “Travel is back and we believe that this is the right time to invest in order to build a category leader in the multi-day package tour space”.
Alex Zubillaga, founder of 14W, says: “We view Exoticca to be the next-generation platform for automated group travel, with a global reach.”
* Check out this presentation and interview with Valles, recorded at Phocuswright Europe 2019 in the Netherlands.
Exoticca - Launch - Phocuswright Europe 2019
PhocusWire @ Phocuswright Europe 2019 - Exoticca pitch analysis