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News / Startups

European on-demand car service Virtuo raises $96M

By Mitra Sorrells | May 20, 2021

Paris-based Virtuo, a startup positioning itself as an alternative to car ownership, has raised $96 million in a combination of Series C financing and pan-European asset-based financing. Read More

News / Online

Gojek and Tokopedia merge to create GoTo Group

By Linda Fox | May 18, 2021

The combined Gojek-Tokopedia entity is tagging itself the "go to" ecosystem for daily life. Read More

News / Online

Airbnb revenue climbs 5% as travel rebounded in Q1 2021

By Jill Menze | May 13, 2021

Airbnb revenue grew 5% to $887 million in the first quarter of 2021, though losses mounted to $1.2 billion. Read More

News / Startups

Travel tech startup Pluto raises second crowdfund, receives B Corp certification

By Mitra Sorrells | May 13, 2021

London-based Pluto has raised £200,000 on Seedrs and has been recognized for its social and environmental standards. Read More

News / Online

Holidu raises $45M in Series D funding

By Mitra Sorrells | May 12, 2021

Holidu says the new funding will be used to accelerate the growth of its vacation rental search engine and its vacation rental software business, Bookiply. Read More

News / Technology

Facial recognition company Paravision raises $23M

May 12, 2021

Paravision’s technology provides touchless identification used for security and access in travel, workplaces, retail and more. Read More

News / Startups

Signs point north for travel startup funding in 2021

By Linda Fox | May 11, 2021

Travel startups have attracted multiple smaller investments in 2021, as well as one or two sizable ones, demonstrating interest has not faded away in supporting new businesses. Read More

News / Startups

Indonesian super app GoJek adds $300M investment

By Linda Fox | May 10, 2021

GoJek and Telkomsel are furthering their collaboration to boost digital services for Indonesia's consumers and travelers. Read More

News / Startups

Go2Joy tops up Series A+ with $1.3M

By Linda Fox | May 7, 2021

The Vietnam-based company previously raised $2.5 million in February 2020 followed by its Series A+ round in February this year. Read More

News / Online

Expedia Group bets on brand marketing as it prepares for travel rebound

By Jill Menze | May 6, 2021

In its Q1 2021 earnings call, Expedia Group said it's focusing on brand marketing to differentiate its offerings and capitalize on returning travel demand. Read More

News / Online

Tripadvisor reports rising demand in Q1, progress on Plus subscription product

By Mitra Sorrells | May 6, 2021

Tripadvisor says the Plus subscription product will roll out fully in the U.S. in the next few months, and it's developing more partnerships to provide offers to subscribers. Read More

News / Startups

Fly Now Pay Later adds £10M to Series A

By Linda Fox | May 6, 2021

The London-based alternative payments company plans to launch in the U.S. Read More

News / Online

Booking Holdings sees upward trend in Q1, focuses on buildout of connected trip

By Mitra Sorrells | May 5, 2021

Booking.com’s flight product, a key part of the connected trip, is now available in 18 countries, and Q1 had the highest number of air tickets ever booked in a single quarter. Read More

News / Online

TripActions buys Reed & Mackay in first-ever acquisition

By Jill Menze | May 5, 2021

The deal follows TripActions’ recent $155 million funding round in January, which signals a sign of confidence from investors in corporate travel startups helping fuel recovery. Read More

News / Online

Lyft sees revenue uptick in Q1 2021, claims profitability by Q3

By Jill Menze | May 4, 2021

Lyft revenue grew 7% quarter-over-quarter from $569.9 million to $609 million as the ride-share company continues its recovery from the coronavirus pandemic. Read More

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