Finance

News / Startups

Startups, investors see opportunities and challenges as travel industry struggles with COVID, diversity issues

By Mitra Sorrells | June 26, 2020

During Phocuswright's Battleground: The Americas event, a panel of startup founders and investors shared their experiences dealing with the COVID-19 crises and their thoughts about the future. Read More

News / Technology

SevenRooms raises $50M to expand its hotel guest experience platform

By Mitra Sorrells | June 25, 2020

SevenRooms has raised a $50 million Series B round with Providence Strategic Growth. Read More

News / Online

Sonder raises $170M at $1.3B valuation, calls it “validation” of recent pivot

By Mitra Sorrells | June 24, 2020

Sonder has raised $170 million in a Series E round, which it expects to grow to $200 million in the near future. Read More

News / Online

Tripadvisor revenue inching up, but June forecast still just 20% of 2019

By Mitra Sorrells | June 23, 2020

Due to what it calls "extraordinary circumstances related to the COVID-19 pandemic," Tripadvisor has released a financial update in the midst of the second quarter. Read More

News / Technology

Splyt raises $19.5M to help SoftBank with super app strategy

By Linda Fox | June 18, 2020

Mobility specialist Splyt has raised $19.5 million in Series B funding to fuel expansion and help SoftBank with its super app strategy. Read More

News / Startups

Journera nabs $11.6 million to move its tech platform into growth stage

By Mitra Sorrells | June 10, 2020

Journera has raised $11.6 million in a Series B round led by Andreessen Horowitz and B Capital. Read More

News / Distribution

The Hotels Network raises €10M to boost direct booking for properties

By Linda Fox | June 10, 2020

The Hotels Network says its funding will go towards further personalization and user experience tech to help hoteliers. Read More

News / Online

Indian OTA Yatra cancels merger deal with Ebix

By Mitra Sorrells | June 9, 2020

Indian online travel agency Yatra has terminated a pending merger agreement with Atlanta-based software firm Ebix and filed a litigation seeking “substantial damages” over alleged breach of terms. Read More

News / Startups

Tripfuser lands £2.4M in funding, seeks further expansion

By Linda Fox | May 29, 2020

Funding for the Australia-based company was led by the Royal Automobile Club of Victoria. Acting CEO Matt McCann takes up the role permanently. Read More

News / Startups

Mobile hotel company Cabana raises $3.5M to expand fleet of camper vans

By Mitra Sorrells | May 29, 2020

Cabana says it is merging “van life with boutique hotel comfort,” at a rate of about $200 per night. Read More

News / Startups

Transportation platform Bolt raises €100M to add new products, markets

By Mitra Sorrells | May 26, 2020

European transportation platform Bolt has raised €100 million on a $1.9 billion valuation. Read More

News / Online

Expedia Group sees "great things ahead" and vows less reliance on Google

By Jill Menze | May 20, 2020

Despite the coronavirus' impact on business, Expedia Group believes it's well-positioned to bounce back and steer away from Google. Read More

News / Startups

Q&A: Thayer Ventures’ Chris Hemmeter on its new $80M fund, opportunities for travel startups

By Mitra Sorrells | May 13, 2020

The venture capital firm is now looking to make six to eight additional investments in travel and transportation startups from the newly closed fund. Read More

News / Distribution

Sabre notes "massive challenge to the industry" as revenues slump by a third

By Kevin May | May 8, 2020

The coronavirus outbreak has hit Sabre across all of its metrics, with revenue down from $1.05 billion in Q1 2019 to $659 million in the same period in 2020. Read More