Exoticca will use a top-up round of €5 million to an earlier Series B investment to position the business for the industry post-pandemic recovery.
The Spain-based company previously secured the first phase of the Series B round, totalling €11 million, in July 2019.
Once again, Exoticca's investment is being led by Milano Investment Partners, with participation from K Fund, Bonsai Partners, Pase Capital, Kibo Ventures and Sabadell Venture Capital.
The total raised by the company now stands at €16 million.
The new financing, CEO Pere Valles says, will be used to capture the growth expected from a rebound in activity once coronavirus-related restrictions ease around the travel industry.
The company currently sells package trips to more than 50 destinations, targeting the six consumer markets of Spain, U.K., France, Germany, Canada and the U.S.
Valles says: "The message that our investors are launching with this investment is one of optimism and confidence in both the travel market recovery and Exoticca’s potential.
"There are many people eager to travel again and we believe that this is the right time to invest in order to build a global category leader in package tours."
* Check out these two clips from Phocuswright Europe 2019, featuring Exoticca's presentation pitch and interview in the PhocusWire Studio.
Exoticca - Launch - Phocuswright Europe 2019
PhocusWire @ Phocuswright Europe 2019 - Exoticca pitch analysis