TravelX Raises $10 Million for Blockchain Tech: Travel Startup Funding This Week
Photo Caption: An image of the lobby of the Aloft Hotel property in downtown New York City. Aloft is a partner of the startup Anywell for lobby and meeting space for working nomads. Source: Aloft.
Skift Take
This week, travel startups announced more than $115 million in funding. A few of the companies had very startup-y names such as Placemakr, TravelX, FutureStay, and Hoo.
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 $115 million in funding.
>>Placemakr (formerly known as WhyHotel), a next-generation lodging operator, has closed a $90 million round of venture equity funding. It has now raised $127 million in venture funding.
It has also received commitments for up to $750 million in programmatic equity — a type of non-debt financing— that it will use to acquire more blended apartment and hotel assets. Read Skift's profile of Placemakr.
>>Futurestay, a seller of software services to short-term rental operators, has raised $11 million in a Series A funding round.
BNM Capital Management led the round.
The startup has tripled in host inventory growth over the past three months.
“The short-term rental industry is the leading creator of entrepreneurs in the world,” said Futurestayco-founder and CEO S. Philip Kennard. "It’s often overlooked that real pe
