Investments

News / Startups

Middle East business travel platform Tumodo raises $35M

By Mitra Sorrells | January 22, 2024

Founded in 2023, Tumodo said it already works with 100 companies in the MENA region and aims to expand to 25 countries worldwide by 2026. Read More

News / Startups

Travel investors on the funding dynamics in 2024

By Linda Fox | January 22, 2024

Travel investors Derive Ventures and Inovia share insight on the funding landscape for 2024 with additional perspective from travel startups. Read More

News / Startups

UAE’s Silkhaus closes multi-million pre-series A financing

By Derek Catron | January 18, 2024

The Dubai-based proptech startup raised the undisclosed financing from San Francisco-based Partners for Growth. Read More

News / Technology

Runnr.ai secures €1M to scale hotel guest communications startup

By Linda Fox | January 18, 2024

The investment will go towards helping hotels deliver personalized services, improve efficiency for front desks and find upsell opportunities. Read More

News / Startups

Dott and Tier plan joint entity forming European micromobility leader

By Linda Fox | January 10, 2024

Subject to several conditions, the transaction bringing together micromobility businesses Dott and Tier should be completed in early March. Read More

News / Technology

Travel tech isn’t cheap. Falling behind may be even costlier

By Derek Catron | January 9, 2024

Given the growing importance and availability of data, experts say it’s more important than ever for travel companies to be current in their technology. Read More

News / Online

Phocuswright analysts share their travel industry predictions for 2024

By Morgan Hines | January 2, 2024

As Phocuswright analysts look ahead, they share a myriad of predictions for 2024 including some regarding business travel, pricing and much more. Read More

News / Online

TrustedHousesitters valued at $100M after management buyout

By Linda Fox | December 21, 2023

Founded in 2010, the platform matches pet owners with verified sitters and opens up new travel destinations for sitters. Read More

News / Technology

Wall Street analysts share views on travel future and AI

By Derek Catron | December 20, 2023

Analysts from TD Cowen, B. Riley Securities, Evercore and BTIG share insights on travel’s future and the role of AI during a panel discussion at The Phocuswright Conference. Read More

News / Startups

Tracking travel startup investment trends in 2023

By Linda Fox | December 20, 2023

Many startups weathered 2023 and demonstrated if not actual profit, then at least a path to profitability, which helped them attract funding. Read More

The most popular news stories on PhocusWire in 2023

News / Technology

By PhocusWire | December 15, 2023

ChatGPT, the Hot 25 Travel Startups and news about major players like Expedia Group and Airbnb dominated the rankings. Read More

News / Online

Short-term rental companies Veeve, UnderTheDoormat Group merge

By Morgan Hines | December 14, 2023

As a combined entity, the group will serve as a full-service manager of “premium urban short lets” in Paris and London. Read More

News / Startups

Short-term rental monitoring startup Minut raises additional $5M

By Morgan Hines | December 8, 2023

Minut, which helps property managers and hosts to monitor their properties and automate workflows, plans to use the investment to fund product initiatives. Read More

News / Startups

Maison Sport lands £3.1M in funding, looks to agents for growth

By Linda Fox | December 6, 2023

U.K.-based Maison Sport is looking to collaborate more with travel agents, enabling them to sell its products via affiliate links or API integration. Read More

News / Startups

Ground transportation startup Transferz extends Series A with funding from Holiday Extras

By Mitra Sorrells | December 5, 2023

Founded in 2020, Transferz provides the technology to connect travel brands to local transportation companies offering services to and from more than 750 airports, seaports, train stations and more.... Read More

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