Travelio Raises $18 Million for Extended Stay Booking: Travel Startup Funding This Week
Photo Credit: Co-founders of Travelio, the alternative accommodations booking site based in Asia, as shown from left, chief operating officer Christie Tjong, chief executive officer Hendry Rusli, and chief strategy officer Christina Suriadjaja. Travelio
Skift Take
This week, travel startups Travelio, Refundit, and Nowaday together announced more than $31 million in funding. Of particular note is Amadeus' backing of Refundit. The startup offers visitors to European Union countries a mobile app to speed up their claims for rebates for value-added taxes paid on retail shopping.
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 more than $31 million in funding.
>>Travelio, a booking site that helps people find temporary housing in urban areas, has raised an $18 million Series B round.
Pavilion Capital, which is a unit of the Singapore government holding company Temasek, and Gobi Partners, the Chinese-based investor in early-stage travel tech companies worldwide, led the round.
Two years ago, Travelio had raised $4 million in Series A investment. The Jakarta-based online booking agency works with property owners and developers to furnish vacant apartment units and rent them out on either a short-term or extended-stay basis.
>>Refundit
