TLDR:
- Travel startups raised $689 million in mid-April, but only $29 million in the following two weeks.
- Four travel startups raised funds totaling over $29 million in the last two weeks.
Travel startup funding has slowed down after a spree of $689 million in mid-April. In the two weeks following the peak, only $29 million was raised by travel startups. Four startups managed to secure funds totaling over $29 million during this period. Charge Zone, a company developing a network of chargers for electric vehicles, raised $19 million. Turbi, a car rental startup in Brazil, raised $8.5 million. Fynch Mobility received $1.1 million in seed funding to promote sustainable business travel. Allmytour, a hotel booking platform, secured nearly $738,000. These investments indicate a continued interest in innovative solutions within the travel industry, with a focus on electric vehicle infrastructure, car rentals, sustainable travel, and hotel bookings.
