PhoCusWright tracked 743 digitally oriented travel startups from 2005 to 2013 that were funded or had substantial products, and found that they attracted $4.8 billion in funding from angels, venture capitalists and strategic acquisitions (but excluding acquisitions by public companies and IPOs.)
That funding has accelerated over the last few years.
Of that $4.8 billion, travel startups raised 68% of it, or $3.3 billion, from 2011 to 2013.
The $3.3 billion figure includes funding deals for the likes of Trivago, Airbnb, Lyft, Uber, Qunar, eHi Car Rental, Kuaidadi, and numerous others, writes PhoCusWright’s Douglas Quinby, research vice president, in a post, but it excludes mega funding rounds generated in 2014 for Airbnb and Uber.