Hotel Engine Raises $65 Million: Travel Startup Funding This Week
Photo Caption: A one-bedroom available to travelers from Sonder, a hospitality startup that offers lodging via Hotel Engine, a startup that has received funding. Source: Sonder.
Skift Take
This week, several startups of interest to the travel sector announced more than $170 million in funding.
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 $170 million in funding.
>>Hotel Engine, a corporate travel startup that focuses on hotel booking management, has raised $65 million in a funding round.
Telescope Partners led the round in the Denver-based company.
The company offers customized hotel reservation and management tools that promise control, transparency, billing, and support needs corporations along with discounted rates at up to 700,000 properties.
CEO Elia Wallen founded the startup in 2015. The business is now valued at more than $1.3 billion.
>>Life House, a New York-based hotel company and software provider, has closed a $60 million financing round.
Kayak, the price-comparison brand owned by Booking Holdings, co-led the Series C financing round with iNovia. Tiger Global, Thayer Ventures, JLL, Trinity Ventures, and Sound Ventures also participated. The New York-based startup has raised about
