TourRadar raises $50 million to strengthen platform and drive expansion
TourRadar specializes in search and booking services for multi-day travel. The platform provides more than 20,000 tourism projects covering 200 countries around the world.
TourRadar, a platform for multi-day tours, has raised $50 million in Series C funding.
Funding for the Austria-based company was led by TCV while existing investors Cherry Ventures, Endeit Capital, Hoxton Ventures and Speedinvest also participated.
TourRadar, which has been around since 2010, says it will use the funding to provide to boost its technology as well as drive further expansion.
Erik Blachford, a partner at TCV and formerly president and CEO of IAC Travel, joins the board of the tour company.
In a statement, TourRadar CEO Travis Pittman says:
“The experience and knowledge in the online travel sector that Erik Blachford and TCV bring to the table is exactly what we were looking for as we embark on this exciting next chapter.”
The company raised $500,000 back in mid 2014 and a further $6 million in 2016
TCV has invested in a number of growth-stage travel companies including Airbnb, Expedia, HomeAway and SiteMinder.
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