Investments

News / Technology

Korea’s KakaoMobility plans to offer electric air taxi flights by 2026

By D.J. Catron | May 30, 2024

The deal with Korea-based mobility service platform KakaoMobility includes plans to purchase of up to 50 of Archer’s Midnight eVTOL aircraft valued at approximately $250 million. Read More

News / Startups

Travel paytech company Swiipr raises £6 million

By Morgan Hines | May 29, 2024

The new funding is meant to help the company as it seeks to drive growth, particularly in the areas of research and development, artificial intelligence, data analytics and strategy, among others. Read More

News / Startups

Hotel tech entrepreneur launches Voyria travel startup fund

By Linda Fox | May 23, 2024

Voyria is looking to attract artificial intelligence-focused travel technology startups in the U.K. and Ireland and plans to support them financially as well as through mentorship. Read More

News / Technology

Cover Genius lands $80M to fund growth and technology investment

By Linda Fox | May 20, 2024

The company plans to put the funds toward further growth and technology investment, “including improved digital insurance distribution solutions, deploying artificial intelligence claims handling and... Read More

News / Online

Holidu snaps up Clubrural in latest acquisition

By Linda Fox | May 15, 2024

Madrid, Spain-based Clubrural, which was founded in 1997, has a portfolio of 28,000 homes and apartments. It said its website attracts 15 million visitors annually. Read More

News / Online

Pango acquires mobility platform and ride-hailing app Gett

By Morgan Hines | May 10, 2024

Founded in 2010 in Israel, Gett is now headquartered in London and provides ground transportation for large corporations. Read More

News / Startups

Australian-based Hometime raises $6.6M to bolster STR growth

By Morgan Hines | May 8, 2024

The new funding is meant to bolster Hometime’s goal to professionalize the STR industry, to grow its brand and to enter new markets. Read More

News / Startups

Naya Homes nabs $3M for vacation rental expansion in Mexico

By Linda Fox | May 8, 2024

Naya has raised $9.2 million to date, and these latest funds will go toward expanding the company into 10 new markets in Mexico. Read More

News / Technology

Travelier acquires DeÔnibus to boost footprint in Latin America

By Linda Fox | May 2, 2024

DeÔnibus, founded in 2012 as “Brazil by bus,” had raised $700,000 from venture capital firm ACE Ventures and angel investors. Read More

News / Startups

Short-term rental experts talk funding climate, acquisition and valuations

By Linda Fox | April 25, 2024

Vacation rental executives from Awaze, HomeToGo, Hostaway, CVC Capital and Forge Holiday Group discuss industry growth and challenges. Read More

News / Technology

AI dominates travel industry investment

By Linda Fox | April 22, 2024

Lufthansa Innovation Hub's research arm finds that AI and machine learning represented 65% of investment by the travel industry in recent years. Read More

News / Online

Consortium led by Certares will invest €125M as part of agreement with FTI Group

By Morgan Hines | April 18, 2024

FTI Group will use the new funding to bolster growth and pay for a “digital transformation.” Read More

News / Startups

Ramp raises $150M to bring AI to spend management

By Linda Fox | April 18, 2024

Eric Glyman, co-founder and CEO of Ramp, said the funding would go to "the next wave of innovation," which includes AI developments. Read More

News / Startups

Skyports lands $110M for air taxi infrastructure development in Dubai

By Linda Fox | April 17, 2024

After announcing a deal to develop vertiports in Dubai earlier this year, Skyports has received investment from ACS Group to help build the air taxi infrastructure. Read More

News / Technology

Is technology bringing the "perfect trip" nearer?

By Linda Fox | April 17, 2024

PhocusWire talks to Steve Singh, Concur co-founder and former CEO turned travel startup investor, on how technology is keeping the drive for the "perfect trip" alive. Read More

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