Multi-day tours provider Tourlane has secured €25 million in Series D funding.
The investment in the Germany-based business was led by Sequoia Capital, which is now the largest shareholder. Target Global and Qualtrics co-founder Jared Smith joined the round as new investors.
Sharing the news on LinkedIn, Julian Weselak, Tourlane’s founder and CEO, said the company’s existing partnership with HV Capital “will be further expanded.” HV Capital has participated in previous funding rounds into the company.
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He also said the funding supports the company’s “mission to revolutionize travel with personalized, AI-driven experiences.”
Tourlane, which was founded in 2016, plans to put the funding towards further technology development and expanding its reach.
The company said it is experiencing significant double-digit growth and has launched several new international destinations this year.
Tourlane announced Series C funding of $47 million in 2019, just five months after raising Series B round of $24 million. The company then topped up its Series C with an additional $20 million from existing investors in late 2020.