Articles tagged “fundings”

Travel Technology

RateGain Raises $72 Million for Investments and Acquisitions

What's a tech stack these days if it isn't AI-powered? RateGain plans to use the raise to build its own through investments and acquisitions.

Dennis Schaal | 6 days ago

RateGain Raises $72 Million for Investments and Acquisitions

News Blog

Ritz-Carlton Ultra-Luxury Cruise Brand Seeks up to $400 Million to Add Ships: Report

The Marriott-controlled ultra-luxury superyacht brand The Ritz-Carlton Yacht Collection would like to raise as much as $400 million to add two superyachts to its current three, Bloomberg News reported on Wednesday. The operator is backed by investors such as Oaktree Capital Management. Its first ship, the 298-guest Evrima, set sail in October 2022, with the…

Sean O'Neill | 3 months ago

News Blog

Travelport Owners Inject $200 Million to Sustain Its Travel Tech Growth

Travel technology company Travelport revealed on Friday it had received a $200 million investment from its owners, Siris Capital Group and Elliott Management. Based in Langley, UK, the privately held company didn't disclose its financial performance other than to say it had achieved "a strong first-quarter performance." The investment may have partly helped Travelport to…

Sean O'Neill | 8 months ago

News Blog

Startup Volantio Closes $6 Million Funding Round With Help From Alaska Airlines and JetBlue

Volantio, an optimization startup that has many airline customers, said on Thursday it had closed a $6 million Series A fundraising. DiamondStream Partners, an aviation and aerospace venture capital firm, led the round in the Atlanta-based company. Alaska Airlines, one of Volantio's customers, also took an equity stake. JetBlue Technology Ventures, IAG, Amadeus Ventures, and…

Sean O'Neill | 1 year ago

Online Travel

Booking’s Connected Trip Vs. Hopper’s Fintech Strategies

Booking Holdings and Hopper are attacking travelers' anxieties in wildly divergent ways. Booking is trying to soothe them, while Hopper doesn't mind a little angst if it means more fintech revenue.

Dennis Schaal | 1 year ago

Booking’s Connected Trip Vs. Hopper’s Fintech Strategies

Short-Term Rentals

JetBlue Technology Ventures Joins Property Manager Frontdesk’s $13 Million Financing Round

JetBlue's corporate venture capital wing has already picked some winners in the short-term rental sector. That's some progressive thinking for an airline, and Frontdesk wouldn't mind bolstering that record.

Dennis Schaal | 1 year ago

JetBlue Technology Ventures Joins Property Manager Frontdesk’s $13 Million Financing Round

News Blog

Guesty Raises $170 Million for Short-Term Rental Management Software

Guesty, which makes software for managing short-term rentals and other travel lodging, said on Tuesday it had raised $170 million in a Series E round of funding. Apax Digital Funds, MSD Partners, and Sixth Street Growth led the round, while existing investors Viola Growth and Flashpoint also took part. Guesty said it was on track…

Sean O'Neill | 1 year ago

News Blog

Travel Tech Firm Skipper Raises $5 Million to Help Indie Hotels

Skipper, a hospitality tech startup that offers direct booking tools for hotels, came out of stealth on Friday with a $5.8 million seed round.  Google’s Gradient Ventures led the round. Other investors taking part include Pear.VC, Wayfinder, Uncommon Capital, ERA, angels Ryan Simonetti (Convene), Neil Parikh (Casper), and Aaron Frank (Final). Here's how the startup describes itself:…

Sean O'Neill | 1 year ago

News Blog

Travel Startup Boatsetter Raises $38 Million

Boatsetter, which offers more than 50,000 personal watercraft for rental along with activities like wakeboarding, said on Monday it had raised $38 million in Series B funding. Level Equity participated in the round. The same firm recently helped vacation rental property manager Vacasa go from startup to public company. The Miami-based Boatsetter believes it can…

Sean O'Neill | 1 year ago

News Blog

Saudi Arabia Taps New $400 Million Fund to Help Build Ennismore Branded Lifestyle Hotels

Saudi Arabia's tourism development fund said it would help invest in the building of lifestyle hotels in the kingdom through a new hotel investment fund worth $400 million (1.5 billion Saudi riyals) that Al Rajhi Capital will manage. Ennismore, a lifestyle hospitality joint venture with Accor, will pinpoint locations, provide financing options, and lead the…

Sean O'Neill | 1 year ago