With travel restrictions easing up after the Covid-19 situations, some startups are managing to gain new funds. These travel tech startups secured funding recently:
Hipcamo announces US$57 million Series C funding
Hipcamp, San Francisco California based travel tech startup that unlocks private land access for outdoor recreation and camping, secured US$57 million Series C funding in January 2021.
This Series C funding round included investors Index Ventures and Bond Capital. This investment brings the valuation of Hipcamp to more than US$ 300 million. The company raised US$ 25 million capital in 2019 and US$ 9.5 million in a Series A round in 2018. The company experienced quadrupled transactions over their platform in between 2020, June and August as they experienced the last in 2019.
About Hipcamp
Hipcamp was founded in 2013, by Eric Bach and Alyssa Ravasio. The travel tech company encourages farmers, private landowners and ranchers to enter the outdoor and camping sector as a sideline activity. It unlocks the access and simplifies camping experience, to democratize people and enhance the camping experience to inspire people for enjoying and protecting our world.
Luxtripper raises £1.2 million funding
Luxtripper, London UK based luxury travel tech company which matches the users with their suitable holiday destinations on the online travel booking platform announced closing a £1.2 million funding round on 9th January 2021.
The funding was led by a few high worth individuals and some former travel executives. The recent funding round brings total capital raised by Luxtripper to £3.1 million till date.
They are planning to use the investment for doubling the destinations they are offering in the next three years and for developing their proprietary technology platform. They will also hire for new roles across their business.
Nena Chaletzos the founder of Luxtripper said, “Today marks a significant milestone for us, particularly during incredibly difficult times for our industry and the world. Over the last few months, it’s our passionate people that have helped us to adapt to the challenges we’ve faced, and with total commitment to supporting and protecting our customers. We’re proud to be a part of the travel community and, we’re looking forward to bringing in more exceptional talent as we begin this next stage of growth.”
About Luxtripper
Luxtripper was founded in 2013, by Mena Chaletzos and is headquartered in London, UK. Since its launch the company has delivered an annual revenue growth of more than 100%, and has reached £7 million sales in 2020.
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