Xband Raises $28 Million for Chinese Rural Tourism: Travel Startup Funding This Week
Photo Credit: An image from a model village building in a cultural and creative theme town in China. Xband is the design and operation management team behind it, and the startup has just announced a Series B round of funding. Xband
Skift Take
Startups that got funding this week included Xband, which runs model villages in China, Lanes & Planes, a travel management company, Oaky, a specialist in hospitality upselling, Revl, an automated souvenir video service, and Viselio, a visa application simplifier.
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 $57 million in funding.
In a related note, AvantStay, a short-term rental brand focused on helping people plan, book, and enjoy group trips, has received a long-term debt facility from Pacific Western Bank. The startup didn't disclose the amount but said it was an eight-figure sum. AvantStay closed an approximately $20 million Series A fundraise in September.
Here are other startup announcements from the past week.
>>Xband, a cultural tourism business in China, has raised $28 million (200 million yuan) in a Series B funding round.
TBP Country Living, an arm of private equity fund Trustbridge Partners, led the round.
The company previously raised about $10 million in investment from a CYTS Hongqi fund, which is backed by travel service company CYTS, IDG Capital, and Sequoia Capital. Seed investors in the business included Cambrian and Qixi Capital.
Founded in 2016, Xband creates rural villages that can serve domestic
