Skyscanner leads Europe’s record year for VC funding
With more than USD 2.5 billion being invested in travel companies, Scotland-based flight metasearch site Skyscanner led the pack in European funding.
This year’s roller coaster ride of global travel tech startup funding is on track to break records with more than USD 2.5 billion invested in travel startups and more mature companies.
But European venture capital funding may be in for a cool down, as other regions and sectors experienced, if setbacks in demand on the back of terrorism incidents persist.
Scotland-based flight metasearch site Skyscanner led the pack in European funding, according to data from CB Insights, a New York City-based venture capital and investment data firm.
CB Insights’ analysis excludes any rounds of ride-share companies such as BlaBlaCar or Uber. The data include disclosed funding rounds of travel companies that offer products and services focused on tourism, booking services, search and trip-planning platforms, on-demand travel and recommendation sites.
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