Travel tech platform for multi-day tour packages Exoticca has revealed it has closed a €60 million Series D round.
Led by Quadrille Capital, the global investment platform focusing on high-growth technology companies, it had participation from new investors including All Iron and ICF and existing investors 14W, Mangrove, Bonsai, Sabadell and Aldea.
Multi-day tour packages, a sector worth over €100 billion, is one of the last segments of the travel industry still dominated by traditional tour operators with very low levels of digitisation.
This prevents travel agencies from offering real-time pricing and availability for complex packages and, as a result, customers experience a cumbersome and time-consuming purchasing process.
Exoticca’s bespoke technology connects all the different services required to book multi-day tours, connecting local companies at destination with travel agencies and other online players.
By digitising all parts of the booking process, Exoticca has cut the process of booking complex long-haul trips down to minutes and guarantees its customers “the best prices”, by around 30% less compared to competitors.
The platform offer its travellers a Travel Concierge App and a comprehensive real-time monitoring and automated response system for all the services included in the package.
This latest injection of funding will allow Exoticca to develop its platform, leveraging AI to improve product offering, customer experience and boost its partners’ profitability.
The company is focused on building its brand to be a leading global one and opening in new markets.
Pere Vallès, CEO of Exoticca, said: “While the rest of the travel industry has become digitised, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences.
“Exoticca’s mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone.
“The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product and growth.”
Alejandra Duran Gil, partner of Quadrille Capital, said: “Exoticca is revolutionising the travel booking experience worldwide, significantly enhancing efficiency and affordability for travellers.
“Exoticca’s strong financial foundation and the team’s exceptional execution are at the heart of our investment thesis.
“We are looking forward to supporting the company in its next phase of growth, leveraging our technology and financial expertise to contribute to its continued success.”
