The State of Travel Startups: What’s In, What’s Out
In some respects, the last few years have been a Golden Age for travel startup funding even when the company is not named Uber or Airbnb.
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.