Travelata bags Series B funding, plans expansion to Russian regions
Online agency Travelata has raised $7 million in Series B funding from existing investor MCI Management and the European Bank for Reconstruction and Development.
According to a statement the funds will go towards further enhancing the online experience for users as well as extending services and regional expansion for the Russia-based business.
The Series B round comes on top of $5 million raised last year from Invia, a division of Poland-based equity firm MCI Management.
MCI also participated in seed funding for Travelata, which specialises in package tours, in late 2012.