MisterFly, the France-based online travel agency, has raised €10 million in new funding.
The investment was led by Bpifrance via its France Investissment Tourisme 2 fund (FIT 2), with existing investors Montefiore and Iris Capital also participating.
In a statement, the company says this latest round brings funds raised by MisterFly to €25 million in less than two years and a total of €40 million since the company’s launch in 2016.
It goes on to say that the OTA is in a solid financial position to emerge from the pandemic and grow.
Nicolas Brumelot, president and co-founder of MisterFly, says the funding is a signal of investor confidence in its strategy.
He adds that the company wants to continue be at the forefront of innovation helping travel professionals search and book travel for their customers.
After boosting its financial position, Brumelot says the priority for the funding is further automating the post booking process.
MisterFly is also eyeing potential acquisitions to complement its existing products and services.
Serge Mesguich, director of the tourism arm of Bpifrance says the investment is in line with its strategy for the FIT 2 fund.
The fund aims to help small and medium sized tourism organizations get back on their feet after the pandemic.