London based travel start ups raised $58 million in total fundraising

Friday, March 16, 2018

The travel startup companies based in London are making good business in producing highly innovative technical devices which allow the travellers to travel smarter.

And with this these new companies having proficiency in making the travel easier publicized more than  $58 million in fundraising.

Earlier this week another vacation rental tech startup TurnKey has raised $31 million Series B in funding round. Skyroam another travel start up, has also introduced new portatable Wifi hotspot, which allows the user to stay connected.

JAFCO Asia led the round. Vickers Venture, GSR Ventures, China Broadband Capital, and Delta Electronics Capital also participated in making the evolution in travel and tourism industry along with the advancement of technology.

This new investment brings the Sunnyvale, California-based company’s total funding to a little more than $50 million.

Airsorted, another London-based vacation rental management service, raised $7 million (£5 million) in Series A funding. Pi Labs, a previous investor, and Atami Capital led the round. The company raised a $2 million (£1.5 million) round in 2016, led by Concentric. Along with seed rounds, it has raised about $9.6 million to date.

Founded three years ago as Second Home, the vacation startup intends on expanding beyond London to other markets, such as Australia, thanks to the funding.

The company faces competitors. Urban, upscale, short-term rentals are being “professionalized” by many host management and digital marketing companies, as shown by this partial list of 300 Airbnb owner-supporting service vendors.

London is a great place for travel startup companies, making promising solutions for the short-term rental sector.

In November 2017, Hostmaker, an Airbnb management service based in London, has also raised $15 million in a Series B funding round.

In October 2017, GuestReady, a London-based startup that manages rentals on behalf of property owners, closed a $3 million seed round.

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