Finance


Capital One acquires digital concierge, Velocity Black
News / Technology
Capital One acquires digital concierge, Velocity Black
By Derek Catron | June 2, 2023
 Capital One is enhancing its travel offerings with the acquisition of Velocity Black. Read More
What travel companies can do to keep banks’ trust
News / Online
What travel companies can do to keep banks’ trust
By Bob Kaufman – ConnexPay | June 2, 2023
Banks become more conservative at times of economic unrest. The companies that bear the brunt of that conservatism are those that banks term “high risk” — and that unfortunately includes much of the... Read More
Blueground acquisition builds on monthly, furnished rentals network
News / Online
Blueground acquisition builds on monthly, furnished rentals network
By Derek Catron | June 1, 2023
Acquiring Nestpick sets up Blueground to launch an exclusive partner network of more than 18,000 curated, third-party furnished apartment providers around the world.   Read More
GetYourGuide nabs $194M for global expansion, more AI development
News / Online
GetYourGuide nabs $194M for global expansion, more AI development
By Mitra Sorrells | June 1, 2023
Along with a newly-launched ChatGPT plugin, GetYourGuide is exploring a variety of use cases for generative AI to help travelers, supply partners and its internal operations. Read More
Atly plots mapping platform updates with $18M investment
News / Startups
Atly plots mapping platform updates with $18M investment
By Linda Fox | May 31, 2023
Investment in the Israel-based company has come from Target Global, Tal Ventures and FKA Brands. Read More
Hostaway raises $175M for vacation rental tech expansion
News / Startups
Hostaway raises $175M for vacation rental tech expansion
By Linda Fox | May 31, 2023
Hostaway, which launched in 2016, plans to put the funds towards recruitment, strengthening customer service and further growth, with acquisitions potentially in the cards. Read More
HostGPO raises $6M to fuel expansion efforts
News / Startups
HostGPO raises $6M to fuel expansion efforts
By Derek Catron | May 26, 2023
Navitas Capital led the round alongside Omnia Partners. Also investing in the round are 75&Sunny, Brian Lee and PAR Capital Ventures. Read More
Meet the 15 semifinalists of the Global Startup Pitch
News / Startups
Meet the 15 semifinalists of the Global Startup Pitch
By Yeoh Siew Hoon – Web In Travel | May 25, 2023
After a marathon of startup pitches that went around the world, 15 companies have been chosen as semifinalists in the Global Startup Pitch run by Web In Travel and Phocuswright.   Read More
Zuzu Hospitality checks in with $9M in funding
News / Technology
Zuzu Hospitality checks in with $9M in funding
By Linda Fox | May 25, 2023
The round for the Singapore-based company was led by SoftBank Ventures Asia with Atinum Partners and existing investors Wooshin Venture Investment, Visor Ventures and JG Digital Equity Ventures also... Read More
Travel insurance startup Faye raises $10M
News / Startups
Travel insurance startup Faye raises $10M
By Derek Catron | May 23, 2023
The funding round was led by Munich Re Ventures along with existing investors Viola Ventures and F2 Venture Capital. Read More
Yanolja Cloud acquires B2B travel tech firm Go Global Travel
News / Technology
Yanolja Cloud acquires B2B travel tech firm Go Global Travel
By Mitra Sorrells | May 17, 2023
Founded in 2000, Go Global Travel is a B2B technology company that provides distribution of travel products including hotel and resort rooms, airline tickets and car rentals. Read More
Travel tech founders consider effects of bank failures
News / Online
Travel tech founders consider effects of bank failures
By Kathryn Walson | May 16, 2023
Travel tech CEOs offer advice to founders as a string of recent bank failures in the U.S. has raised concerns about funding for travel startups. Read More
Mondee acquires Consolid and Interep to strengthen position in Latin America
News / Online
Mondee acquires Consolid and Interep to strengthen position in Latin America
By Kathryn Walson | May 16, 2023
Travel marketplace and tech platform Mondee went public last summer under the ticker symbol MOND. Read More
Connected trip company Worldia raises €25M for global expansion
News / Startups
Connected trip company Worldia raises €25M for global expansion
By Kathryn Walson | May 15, 2023
The Paris-based company plans to make its packaging technology available to travel distributors across Europe and North America and to hire people in research and development. Read More
Hugo Burge, online travel pioneer and startup investor, dies at 51
News / Online
Hugo Burge, online travel pioneer and startup investor, dies at 51
By Linda Fox | May 12, 2023
Tributes are flooding in for online travel pioneer Hugo Burge, who died on Wednesday at age 51. Read More
The Phocuswright Conference 2026