Startups Raise $331 Million for Flying Taxi Airports and AI Expense Management
Photo Credit: Skyports is developing a flying taxi airport for Dubai in partnership Joby Aviation. Joby Aviation / Joby Aviation
Skift Take
Four travel startups have raised more than $100 million each over the past two weeks.
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.Last week was the second-biggest this year for travel startup funding. And this week's total, $331 million, makes it the third-biggest this year.
The largest fundraise this week was by expense-management platform Ramp, which has now raised $450 million over the past eight months alone.
Read more below about the three startups that announced fundraises this week.
Ramp: $150 MillionRamp, a platform that helps companies manage expenses including travel, has raised $150 million in a series D-2 funding round at a valuation of $7.65 billion.
The New York City-based company in August 2023 raised a $300 million series D round at a valuation of $5.8 billion, co-led by Thrive Capital and Sands Capital.
Khosla Ventures and Founders Fund co-led the latest round, with support from new investors Sequoia Capital, Greylock, and 8VC, along with existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital Partners, Lux Capit
