Travel Startup fundraising data 2021
Using Travel Tech Essentialist’s Startups and Investors dataset, there are 145 travel startups that have raised at least one financing round in 2021.
The oldest company receiving a funding round is TravelTek, founded in 1995. Six companies born in 2021 received a fundraising round this year, including Zytlyn from Switzerland and Kokomo from Mexico.
A total of $8.8 billion has been raised in the last round by these by 145 startups. The median investment has been $9 million. South Korean OTA Yanolja had the largest round, with a $1.7 billion investment by sole investor SoftBank Vision Fund 2.
Europe —> 54 startups (37% of total)
USA+Canada —> 54 (37%)
Asia Pacific —> 19 (13%)
Middle East, Latin America, Australia and Africa —> 17 (13%) combined
USA —> 48 startups (33% of total).
UK —> 14 (10%)
Germany and Spain —> 10 (7%) each
Canada and India —> 5 (3.5%) each
36 other countries —> 53 startups (37%)
The 145 startups that received funding in 2021 come from 87 cities. The most represented cities are:
San Francisco —> 12 startups (8% of total). Largest rounds to FLYR Labs ($150 million) and Pacaso ($125 million)
London —> 11 (7.5%). Largest rounds to Hopin ($450 million) and OTA Insight ($80 million)
Barcelona —> 7 (5%). Largest rounds to TraveklPerk ($160 million) and Exoticca ($54 million)
New York —> 7 (5%). Largest rounds to Cover Genius ($72 million) and Spotnana ($34 million)
Berlin —> 5 (3.5%). Largest rounds to GetYourGuide ($95 million) and TIER Mobility ($58 million)
Munich —> 4. Largest rounds to FlixBus ($650 million) and Holidu ($45 million)
Tel Aviv —> 4. Largest rounds to Optibus ($107 million) and Guesty ($50 million)
640 Venture Capital firms and Angel investors have participated in the funding rounds for the 145 travel startups this year. The most active investors are:
SoftBank —> 9 startups (2 from the USA, 2 from Germany, and 1 from Colombia, Brazil, Vietnam, South Korea and India)
500 Startups, Accel, Heartcore Capital —> 4 startups
13 VCs including Andreessen Horowitz, BlackRock, Goldman Sachs, JetBlue Technology Ventures, K Fund, Tiger Global —> 3 startups
Four categories were responsible for almost 75% of the rounds.
B2B (tech and services for travel suppliers & airports) —> 40 startups (27% of the total).
Transportation (Air, Ground, Rail, Maritime) —> 26 startups (18%)
OTAs, Travel Agencies, Booking Engines, Metasearches —> 23 startups (16%)
Hospitality, Accommodations, Vacation Rentals, Property Management —> 19 startups (13%)
5 other categories —> 37 startups (74%)
The most represented micro categories are: Hospitality, Ground Transportation, SaaS, Business and Corporate, Hotel Tech.
If you’re interested in digging deeper into data from more 906 travel startups and 1905 VCs and angel investors, the Travel Startup and Investor dataset is a good place to start.
Entrepreneurs who have access to these datasets seem satisfied:
I just subscribed to both the datasets that you had recently announced & I feel it was the best $120 I ever spent. Just the 1st insight I came across on ancillary revenue would probably save me so much time in research as I am building my pitch for the next fund raise. Thank you so much for putting this together. Looking forward to more stellar stuff like this. — Ankit Sawant