Budget Hotel Brand RedDoorz Raises $11 Million: Travel Startup Funding This Week
Photo Credit: This guest room is from a RedDoorz branded budget hotel property in Indonesia in a photo that was taken in early 2018. The company has raised $11 million in a pre-Series B round. RedDoorz
Skift Take
The concept of a budget brand hotel network that promises consistent amenities has been popularized by India's OYO Rooms. RedDoorz has traction with a similar model in Indonesia, which suggests the model may have legs worldwide.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
The total publicized this week was more than $89 million.
Earlier this week we covered how TripActions a business travel startup, closed a $51 million Series B funding round, led by Lightspeed Ventures.
Businesses hire TripActions to run their travel programs, and it rewards employees with Amazon gift cards or credits for personal vacation if the workers book cheaper travel than they might have otherwise.
Redeam, a travel startup based in Boulder, Colorado, raised $7.7 million in a Series A to help attraction operators automate their processes. Vertical Venture Partners led the round.
Here are other companies that said this week they had raised funding.
>>RedDoorz, a budget hotel startup based in Singapore, has raised $11 million in a pre-Series B round.
Investors include Susquehanna International Group, Inn
