Travel tech startups are scooping up VC cash by the bucketload

Travel tech startups are scooping up VC cash by the bucketload

Online travel platforms are hot. At the very least that‘s what the recent flurry of capital raising investments which have landed in tech startups’ laps suggests.

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This, Paris-based Evaneos announced an $81 million round of funding led by Partech, taking the startup’s total funding to $109 million. Evaneos can be an online marketplace that enables you to tailor and book experiences using local travel companies all over the world.

The broader online travel market is estimated to become $1 trillion-dollar industry by 2022, in accordance with some reports, with emerging markets, including India and China, helping drive demand for travel booking platforms. But accommodation and transport services are just area of the picture – Evaneos represents section of an evergrowing trend which has seen experience-focused platforms gain momentum.

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