Home > > Travelata bags Series B funding, plans expansion to Russian regions

Travelata bags Series B funding, plans expansion to Russian regions

07/10/2014| 11:19:27 AM| 中文

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.

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TAGS: Travelata | online | financing
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