Investment led by Sapphire Ventures
Travel software company, WeTravel, has tripled its valuation by securing $92 million (€68 million) in Series C funding, which will go towards further developing its platform and build (AI)-powered tools to drive automation.
The investment was led by Sapphire Ventures with participation from Left Lane Capital, Base10, Cross Creek and other angel investors.
“This funding round is a milestone for the operators who trust us to power their business,” said Ted Clements, CEO of WeTravel.
“With this funding, we’ll make it even easier for operators to run every part of their business in one place. Multi-day travel is full of complex workflows–collecting payments, reconciling payments with bookings and partner pay-outs, and managing trip details–all of which take time and create room for error.
“WeTravel takes that work and makes it systematically flow, helping operators run more efficiently, grow faster – and focus on delivering life-changing experiences.”
“Behind curated multi-day trips like retreats and tours is a business managing a multitude of moving parts — from payments and vendors to contracts and itineraries,” said Rajeev Dham, partner at Sapphire Ventures and a member of the WeTravel board.
“WeTravel is solving these challenges with a purpose-built operating system, now enhanced by AI-powered tools that remove friction and help operators scale.”
Netherlands-based WeTravel, which was founded in 2014, announced funding of $27 million just under three years ago.
The company said at the time that the funds would be used to add further fintech solutions to the platform.
