Biz Travel and Hotel Tech: 5 Startups Raised $53 Million Over 2 Weeks
Photo Credit: Pictured: Onfly corporate credit card, which client companies can issue to employees. Onfly
Skift Take
Startup funding is slow so far this year, but tech for business travel and hotels is pushing forward.
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.Travel startup funding has been slow so far this year, but business travel and hotel tech are consistently raising money — even if the amounts are small.
Five of the six startups that raised money over the last two weeks are involved with either business travel or hotel tech. Collectively, the six startups raised only $57 million.
Onfly: $40 MillionOnfly, a corporate travel and expense management platform, has raised a series B round of $40 million.
Tidemark led the round, with support from Endeavor Catalyst and Left Lane Capital.
Brazil-based Onfly says it is focused on digitizing business travel in Latin America.
Using the Onfly platform, employees of client companies can book and manage flights, hotels, buses, rental cars, and short-term rentals, as well as manage expenses. The company also offers prepaid corporate cards that clients can issue to employees.
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