Socio Raises $6 Million for Event Management: Travel Startup Funding This Week
Photo Credit: An example of an event in London managed with technology by Socio, a startup that has raised funding. Socio
Skift Take
This week travel startups announced approximately $95 million in funding. One standout was Socio, a company that offers software for managing events. Its funding highlights a broader trend of investment in the event tech sector.
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 approximately $95 million in funding.
Earlier this week, RedDoorz, a branded budget hotel chain, raised $45 million in a Series B round. The Singapore-based competitor to much-larger Oyo had its round led by Chinese venture capital firm Qiming Venture Partners. Qiming was joined by MNC Group.
Also this week United Air Lines took a stake in Clear, a biometric tech company that aims to help travelers pass through security screening more quickly. The New York-based tech company has raised more than $35 million over time.
Earlier this week Wyndham Destinations said it would take an equity interest in vacation rental property management service Vacasa of up to $30 milli
