Exoticca has announced the closure of a €60 million (~$65 million USD) Series D funding round that will be used to invest in the company’s technology, product and growth.
Exoticca's technology platform aims to digitize the multi-day tour package sector, which is currently valued at over €100 billion and largely dominated by traditional tour operators. The company's platform connects various travel services, including flights, hotels, meals, transfers, transportation, and activities, streamlining the booking process for complex long-haul trips.
According to the company, its technology has reduced booking times to just minutes and lowered costs by approximately 30% compared to competitors. The platform also offers a Travel Concierge App and a real-time monitoring system for package services.
The investment was led by Quadrille Capital, with participation from new investors All Iron and ICF, as well as existing investors 14W, Mangrove, Bonsai, Sabadell and Aldea.
The funding will be used to develop Exoticca's platform further, with a focus on leveraging AI to improve product offerings and customer experience. The company also plans to expand into new markets and increase adoption among traditional travel agencies and online travel partners.
“Exoticca's mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone,” said Pere Valles, CEO for Exoticca. "The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product and growth."
"Exoticca is revolutionising the travel booking experience worldwide, significantly enhancing efficiency and affordability for travelers,” added Alejandra Duran Gil, Partner at Quadrille Capital. “Exoticca's strong financial foundation and the team's exceptional execution are at the heart of our investment thesis."
Exoticca reports that it has more than doubled its sales year-on-year since 2015. The company currently offers trips to over 70 destinations worldwide and operates in eight markets: the United States, Canada, United Kingdom, France, Germany, Spain, Mexico, and Colombia.
This article was generated by AI and based on a press release distributed by Exoticca. It was reviewed by a TravelAge West editor.
