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Traveling light: travel tech startups see fewer deals from top VCs

10/12/2016| 8:52:52 AM| 中文

The top venture capitalists are on pace to participate in fewer deals to travel tech startups this year, compared to 2015.

The top venture capitalists are on pace to participate in fewer deals to travel tech startups this year, compared to 2015.

So far this year through 9/13/16, the top two dozen VCs participated in only 5 travel tech funding rounds — deals that totaled USD 138 million in aggregate.

By year-end, 2016 is on track to see fewer than 10 travel tech deals with smart money VCs involved. Last year we saw these 24 leading VCs involved in 18 deals, adding up to nearly USD 2 billion.

Smart money VC Kleiner Perkins Caufield & Byers’ participation in a USD 1.5 billion Series E deal to Airbnb largely accounted for last year’s peak in dollars from deals involving top VCs.

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TAGS: travel tch | investment
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