Summary:
$168 million raised by six travel startups in two weeks.
Aescape leads with $83 million for AI massage technology.
Mews secures $75 million for hotel management solutions.
Bookboost raises $3.9 million for guest management tech.
Kleio, Genial, and Maya also secure funds for AI-driven travel solutions.
Mid-range funding deals are becoming increasingly rare, but the travel tech sector is thriving with significant investments. In just two weeks, six innovative travel startups have collectively raised over $168 million. Let's dive into the details:
Aescape: $83 Million
Aescape has made waves by selling AI-powered robotic massage arms to hotels, raising $83 million in its latest funding round led by Valor Equity Partners. This brings their total funding to $128 million. Their product, designed to replicate human massage techniques, allows hotels like the Four Seasons to offer unique services.
Mews: $75 Million
Hotel tech company Mews has successfully raised $75 million, bringing its total to $410 million. This investment, led by Tiger Global, focuses on enhancing their property management system which streamlines hotel operations for independent hotels across Europe.
Bookboost: $3.9 Million
Bookboost, a guest management platform, secured $3.9 million to enhance its CRM software aimed at automating guest communication. The funding will support product development and client acquisition.
Kleio: $3.3 Million
Kleio, an AI assistant for trip planning, raised $3.3 million. Their platform helps travel companies tailor offerings to clients, thereby boosting sales conversions.
Genial: $2 Million
Genial specializes in back-office AI solutions for travel businesses and has raised $2 million to improve its services, which are particularly beneficial for small to mid-sized companies in the tourism sector.
Maya: $1.1 Million
Maya, offering a white-label AI travel booking assistant, secured $1.1 million. Their chatbot assists travel companies in providing better customer service on their websites.
These funding rounds highlight the growing interest in AI technology within the travel industry, paving the way for innovative solutions that enhance customer experiences and streamline operations.
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