Travel Startups Raised Nearly $500 Million This Week
Photo Credit: Travel startups raised nearly half a billion dollars this week. Pixabay / Stefan Schweihofer
Skift Take
They say that startup funding is tight right now, but these big fundraises show that some money is still flowing.
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.After a sleepy holiday season, it was the biggest week in a while for startup funding in travel.
Nine startups involved in the travel industry announced fundraises totaling nearly half a billion dollars.
Each of the three biggest raises exceeded $100 million. They were for platforms seeking to modernize loyalty rewards, tours and activities operations, and corporate travel.
Bilt Rewards: $200 MillionBilt Rewards, a loyalty platform that customers can use to book travel, has raised $200 million.
General Catalyst was the lead investor, with support from Eldridge, Left Lane Capital, Camber Creek, and Prosus Ventures.
The fundraise values the company at $3.1 billion, more than double the valuation in 2022 when it raised $150 million.
The company has now raised more than $413 million.
New York City-based Bilt allows users to earn rewards points by submitting residential rent payments through
