On March 31, 2025, Convergent International Travel, a travel and hotel supply chain platform, announced the completion of its latest RMB 100 million（about USD 13.8 million) Series B+ funding round.
The round was led by Fengyuan Capital, joined by from Huashan Capital, with continued backing from existing investor Mingyu Venture Capital.
This marks Convergent’s second nine-digit fundraising round since 2023. The company reported a robust 82% year-on-year rise in business scale in the first quarter of 2025.
The new capital will be used to upgrade its supply chain infrastructure, develope AI-driven intelligent platforms, and expand its global talent network—strengthening Convergent's leadership in the global travel and hospitality supply chain sector.
As an early mover in the global hotel and travel resource integration, Convergent has established a network covering over 1.1 million hotels across 150+ countries, supported by offices in 13 countries.
Its 20,000+ channel partners include travel agencies, travel management companies (TMCs), airlines, and banks. Through its proprietary SaaS platform, Convergent has established a closed-loop digital system encompassing resource procurement, dynamic pricing, intelligent distribution, and data analysis—empowering partners to streamline resource management and reduce procurement costs.
In the past year, Convergent's global network saw notable expansion:
* The scale of its directly sourced hotel supply chain increased by 125% year-on-year, with particularly strong gains in the Asia-Pacific (up 45%) and exponential growth in Europe, the Middle East, and the Americas.
* Non-hotel categories also surged, with a 504% year-on-year increase in bookings for entertainment products, demonstrating the synergy of a diversified supply chain.
Convergent's founder and CEO Yongjun Chen said:
"In the face of industry transformation, we believe the key breakthrough lies in consolidating global travel and hospitality supply resources and driving deep digital empowerment across the supply chain."
