Travel seed funding this week
This week’s set of freshly funded travel startups come from Japan, Denmark, India, Iceland and beyond.
This week, travel startups announced more than $40 million in funding.
>>Matsuri Technologiesa startup that converts vacant homes into short-term rentals, raised about $16 million (2 billion yen) in a Series C funding round.
Investors include DG Incubation, JIC Venture Growth Investments, six major real estate companies, among others.
Matsuri’s StayX platform aims to efficiently manage properties so that guests can check in and out with just a smartphone. Stays generally vary from one night to one month.
There is also a brand of corporate serviced apartments, called StayMe, and an island resort brand called S-Villa.
>>Minutea company that provides surveillance technology to help hosts and property managers deal with short-term rentals and vacation home guests, closed a $14 million Series B round.
Almaz Capital led the round. Other investors have joined including Zenith, Kompas, Verve Ventures, Swiss Immo Lab, Karma, SOSV’s HAX and KPN Ventures.
Minut provides sensors that track noise, occupancy, motion and temperature in short-term rental properties. The startup is a recommended partner of Airbnb.
“Minut has been instrumental in helping us deliver an automated technology-enabled hotel experience,” said Yvette Romero, director of strategic product initiatives at Kasa Living, a provider of apartments and hotel rooms for seniors. short and medium term stays. .
>>Overviewwhich helps brands launch product placement campaigns in more than 8,000 short-term rentals, closed a $6.2 million seed funding round.
GSR Ventures, Origin Ventures, Y Combinator and angel investors participated.
“Short-term rentals provide the perfect environment for customer engagement, as customers can truly experience these products in their intended environment,” said Akash Raju, co-founder and CEO.
Items include bedding, consumer electronics, beauty, kitchen, home office accessories, fitness equipment and furniture.
>>dohopan Iceland-based travel technology company, has raised a “multi-million euro” growth round from Scottish Equity Partners (SEP).
The Iceland-based company helps more than 50 carriers, including AirTransat, EasyJet, Latam and Vueling, increase bookings by connecting with other carriers through virtual interlining and intermodality.
“Our technology enables airline partnerships and offers passengers more destinations and personalization of travel,” said CEO David Gunnarsson.
>>earthlingswhich helps people book 354 summer holiday homes in Denmark, has raised unspecified “seven-figure pre-seed funding”.
Heartland, a Danish venture capital fund, led the round in the company founded last year by a team of seven former Airbnb employees. Christian Schwarz Lausten, who sold his company Gaest.com to Airbnb in 2019, is the startup’s CEO.
>>Cemtiva Factorywhich hopes to derive sustainable aviation fuel from carbon dioxide, has received an undisclosed investment sum from United’s corporate venture capital fund, United Airlines Ventures (UAV).
>>Sprockets, which aims to improve the hiring of hourly workers, closed a $10 million Series A funding round. It’s not a travel startup, but Thayer Ventures, which typically invests in travel startups, is a minority investor, in part given the startup’s potential uses in the travel industry. The startup offers a structured online format to help employers sort and filter the best candidates.
>>Choose your course, a Chennai-based startup that uses artificial intelligence to help with travel planning, has raised “an undisclosed amount” of bridge funding from a group of investors, according to The Economic Times. The startup raised $3 million in 2019, Skift reported.
>>Uplistingthe all-in-one property management solution for short-term rentals, raised $300,000 from Calm Company Fund, plus $200,000 through the Roll Up AngelList vehicle.
|Matsuri Technologies||C-Series||CEO Incubation||$16 million|
|Minute||B-series||Capital of Almaz||$14 million|
|Overview||Plant||N / A||$6.2 million|
|Cemtiva Factory||Plant||N / A||undisclosed|
|Choose your course||Bridge||N / A||undisclosed|
|Uplisting||Plant||Calm business fund||$300,000|
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, E, 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.