Travel Startup Funding Is Slowing: Companies that Raised in the Past 3 Weeks
Photo Credit: Pictured: Scapia credit card, geared toward Indian travelers Scapia
Skift Take
The companies that got the most funding fall in line with trends we've seen: Hotel tech, business travel tech, and anything focused on the burgeoning Indian travel economy.
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 year has been much slower for travel startup funding compared to last year. In the past three weeks, eight travel startups raised $159 million. The numbers were roughly the same in the prior three weeks. Last year, there were three companies that each raised over $100 million in March alone.
Still, the companies getting the most funding now are following the same trend: Hotel tech, business travel tech, and anything focused on the burgeoning Indian travel economy.
Inn-Flow: $45 MillionInn-Flow, which provides back-office software for hotels, has raised $45 million in growth capital. The funding came from growth equity firm Mainsail Partners.
The tech by North Carolina-based Inn-Flow is meant to help hotel owners and management companies with accounting and bookkeeping, labor management, payroll, business intelligence, and more.
“The hotel industry is long overdue for modern technology solutions designed specifically to po
