Despite a slowdown in overall funding for travel startups this year, sectors focused on business travel and hotel technology are actively attracting investment. Of the six startups that secured funds recently, five are in these areas, collectively raising $57 million. Notably, Onfly raised $40 million in Series B funding to enhance corporate travel management in Latin America. Diamo secured $4 million to offer independent hotels advanced revenue management solutions. HeadBox also raised $4 million for its meeting booking platform, emphasizing the continued interest in business-related travel solutions.
"Travel startup funding has been slow this year, but business travel and hotel tech are consistently raising money. Five of six startups focused on these areas raised only $57 million collectively."
"Onfly, a corporate travel platform, raised $40 million in a series B funding round to digitize business travel in Latin America, focusing on expense management and employee flexibility."
"Diamo, focusing on independent hotels, raised $4 million, with plans for an AI assistant that can boost revenues by 35% through revenue management tools and optimization strategies."
"HeadBox, a meeting and events platform, raised $4 million, demonstrating that startups targeting business travel and hospitality are still attracting investor interest despite overall funding drops."
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