Yamsafer, a Palestine-based hotel booking company, has received investment of $3.5 million in Series B funding.
The round was lead by Global Founders Capital, the venture capital arm of Germany's Rocket Internet, while existing investor Sadara Ventures also participated.
The funding will go towards helping Yamsafer accelerate its growth through customer acquisition and the development of further supplier relationships, according to a statement. It also plans to expand its team.
Chief executive and c0-founder Faris Zaher says:
"Yamsafer is uniquely positioned to capture a market that is transitioning from offline to online bookings and is increasingly mobile-first."
Yamsafer, which means 'the traveller', is in good company at GCF joining big names such as Trivago and HomeAway who have also received investment from the company.
The Middle East is one of the fastest growing travel markets with industry figures saying it was worth $49 billion last year.
In late May, Palestine-based travel information service Batuta raised $2.5 million from a local private equity fund.
Further reading:
Deep dive into online travel payment issues in the Middle East.