WeTravel, a booking and payments specialist for multi-day
trips, has secured $92 million in Series C funding.
The investment was led by Sapphire Ventures with
participation from Left Lane Capital, Base10, Cross Creek and other angel
investors.
The company said the round, which triples its valuation,
will go towards further developing its platform to expand its payment
infrastructure and build artificial intelligence (AI)-powered tools to drive
automation. WeTravel is also planning to expand a number of its global offices and grow its B2B partner network.
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“This funding round is a milestone for the operators who
trust us to power their business,” said Ted Clements, CEO of WeTravel.
“With
this funding, we’ll make it even easier for operators to run every part of
their business in one place. Multi-day travel is full of complex workflows–collecting
payments, reconciling payments with bookings and partner pay-outs, and managing
trip details–all of which take time and create room for error. WeTravel takes
that work and makes it systematically flow, helping operators run more
efficiently, grow faster – and focus on delivering life-changing experiences.”
“Behind curated multi-day trips like retreats and tours is a
business managing a multitude of moving parts — from payments and vendors to contracts and
itineraries," said Rajeev Dham, partner at Sapphire Ventures and a member of the WeTravel board. "WeTravel is solving these challenges with a purpose-built operating system, now enhanced by
AI-powered tools that remove friction and help operators scale."
Netherlands-based WeTravel, which was founded in 2014, announced
funding of $27 million just under three years ago. The company said at the time
that the funds would be used to add further fintech solutions to the platform.