Comtravo Raises $23 Million for Business Trip Management: Travel Startup Funding This Week
Photo Credit: A stand demonstrating Airbnb for Business in Berekley, California, in 2017, and illustrating the concept of business travel. This week, travel startups announced more than $60 million in funding for Comtravo, Tripscool, OStay, Cover Genius, and Verto Education. Airbnb
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This week, travel startups announced more than $60 million in funding for a business travel management agency, a sightseeing and experiences agency, a white-label travel insurance provider, a short-term rental manager that uses master leases in Asia, and a student travel service.
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.
This week, travel startups announced $60 million in funding.
>>Comtravo, a business travel booking startup, has raised a $23.4 million (€21 million) Series B round of venture investment.
Endeit Capital led the round, which follows a $9 million Series A in 2017. New investors included Deutsche Bank and AER Ticket. Past investors Project A, Creandum, and Btov also participated.
The Berlin-based company uses a mix of automation and human agents to help about 700 small businesses, such as the Nagel-Group, LG Innotek, and Hachez, book, manage, and expense their travel.
The company lets businesses use email to interact with it. Many other rival tech companies require users to adapt to a booking tool or app. Comtravo translates emails into data it can manipulate. That helps it automate more than half of the process. Its software recommends promising travel options, based on a user's shared preferences and past choices. Travelers can book suggested itineraries by clicking a
