Argentina-based travel
search engine Turismocity has raised $6 million and made its second acquisition
in less than a year, acquiring Brazil-based Quanto Custa Viajar.
Terms of the deal have not
been disclosed. Turismocity
acquired Dallas-based FareCompare in December 2020, enabling it to expand
beyond its initial focus on Latin America to the United States, Europe and
elsewhere.
The investment round
includes participation from several Argentine business leaders including Eduardo
Elsztain, CEO of IRSA/Cresud, Martin Migoya, co-founder and CEO of Globant,
Francisco Alvarez-Demalde, co-founder and managing partner Riverwood Capital
and Pablo Saubidet, co-founder of Iplan and Fibertel.
Subscribe to our newsletter below
Quanto
Custa Viajar is a digital trip-planning tool that includes a calculator to determine
the cost of any trip to any destination, including airfare, accommodation,
daily spending, food, car rentals and more. Founded in 2014, the company currently
has more than 12 million users annually.
Turismocity says the pandemic allowed it to “gain
a more global perspective and take advantage of different opportunities within our
industry.” It says it plans to continue to acquire and invest in travel and
technology companies.
“Our
goal is to be one of the world’s top five travel companies,” it says in a statement.