PerfectStay Raises $17 Million for Distribution Tech: Travel Startup Funding This Week
Photo Credit: This week's roundup of startups funding includes PerfectStay, a Paris-based travel distribution technology company that helps suppliers get their hotels and flights to tour operators in a more effective way than past packaging methods. PerfectStay
Skift Take
This week's roundup of travel startup funding includes a Paris-based travel distribution technology company, a San Francisco-based corporate travel booking tool, and a London-based maker of property management software.
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 $41 million. Earlier this week we published our annual list: Skift’s Top Travel Startups to Watch 2018.
>>PerfectStay, a Paris-based travel distribution technology company, has raised $17.6 million (€15 million), which is the company's total raised to date.
Felix Capital and Partech led the round.
Suppliers — including Air France, Vente Privée, Emirates, and Corsair — distribute their travel content, mainly flights and hotels, via PerfectStay's platform, which distributes it to tour operators to sell to travelers.
Up until now, many tour operators have relied on white-label packaging, where the same products are provided to all operators. PerfectStay's tech allows suppliers to provide specific inventory and rates to specific operators via the same tech platform.
The company said it processed $15.7 million (€13.4 million) in gross sales in 2017 and that it processed about $30 million this year through May. Its
