Travel seed funding this week


Skift grip

If the pandemic fades into being disruptive, expect the experiences sector to see a lot of investor interest.

Sean O’Neill

This week, travel startups announced over $30 million in funding.

>>On your mindwhich runs an app to book experiences, raised an additional $30 million in its Series B funding. A few months ago, it raised $12 million in Series B funding.

Glade Brook Capital has led the most recent and previous Series B financings.

“With all previous increases still in our bank and our economy still profitable, we have all the firepower we need,” Varun Khona, co-founder and CEO of the New York-based startup, said in a statement. .

Khona said the company – which enables consumers to book last-minute activities in many major cities – became profitable in July 2021 on an earnings before interest, tax, depreciation and amortization basis.

It saw more than “800%” growth in 2021, and most of its bookings for in-destination activities were for the same day, the company said.

Since its establishment in 2015, it has mainly sold the products of other companies. But for the past year or so, it has offered tours and activities under its own brand.

Headout, which has about 50 employees, resells content in many ways, including through the Google Trips mobile app and through partnerships with demand aggregators such as the Wall Street Journal.

>>Captainan outdoor travel experiences booking platform, raised $2 million in a funding round.

Looking Glass Capital led the round, with participation from Andrew Chen at a16z (Andreessen Horowitz), Goodwater Capital, Not Boring Capital (Packy McCormick), Correlation Ventures, Psion Capital, Capital Factory, WSGR, Oliver Hudson and others .

The Austin-based company started by digitizing the fishing charter booking process. It has also published guides to help travelers plan their experiences. He sees himself as applying the Airbnb model to outdoor travel, according to Austin Inno.

>>NLXa startup developing tools to help businesses provide customers with automated and personalized self-service options, has raised a $5 million funding round, Venture Beat reported.

Aquila Capital Partners led the round.

Although this technology provider is not a travel startup per se, it should be noted that JetBlue Technology Ventures participated in the round. JetBlue’s corporate venture arm explained its investment in this blog post.

>>beyonkan all-in-one event ticketing system for tour and activity operators, raised $3.4 million in pre-Series A funding in the past year.

Fuel Ventures is the largest funder, TechTimes reported.

Attraction operators, experience providers and festival organizers use the startup’s tools to maximize online bookings, automate administrative tasks and manage their third-party channels. Third party resellers use Beyonk to access content and provide.

According to Fuel Ventures, Beyonk was profitable at the time of its investment. The startup recently grew more than 180% month over month, thanks to thousands of monthly customers.

Society Stage lead raise
On your mind B-series Glade Brook Capital $40 million (total)
Captain Plant The Mirror Capital $2 million
NLX Plant Aquila Capital Partners $5 million
beyonk A-Series Fuel companies $3.4 million

Skift Cheat Sheet

Seed capital is the money used to start a business, often led by angel investors and friends or family.

A-Series funding usually comes from venture capitalists. The cycle aims to help startup founders ensure that their product is something customers actually want to buy.

B-series funding is mostly for venture capitalists that help a business grow faster. These fundraisers can help recruit skilled workers and develop profitable marketing.

C-Series financing generally consists of helping a company to grow, for example through acquisitions. In addition to VCs, hedge funds, investment banks, and private equity firms often participate.

D-Series, And, beyond These mostly mature companies and the funding cycle can help a company prepare to go public or be acquired. Various types of private investors could participate.


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