Caravelo, a Barcelona, Spain-based travel tech company that provides subscription solutions to the travel industry, secured €3.5 million in Series A funding.

SaaS Investors

The round was led by Samaipata, with participation from Adara Ventures and other existing investors.

Samaipata is a European early-stage founders’ fund founded in 2016. It invests in digital businesses with network effects and has a presence in Madrid, Paris, and London. With two investment funds and over €150M in AUM, the firm has supported 35 European companies to date.

Caravelo Use of Funds

The funding will be used to meet the growing demand for travel subscriptions and further develop Caravelo's platform.

About Caravelo

Founded in 2015 by Iñaki Uriz and José Luis Vilar, Caravelo is a traveltech company providing subscription solutions to the travel industry, including airlines to help travel companies increase revenue, improve market share, reduce seasonality impact, and enhance customer experiences. The company specializes in flight subscription solutions and has worked with over 20 airlines, including Alaska Airlines, Volaris, and Wizz Air. 

Funding Details

Company: Caravelo

Raised: €3.5M

Round: Series A

Funding Month: September 2023

Lead Investors: Samaipata

Additional Investors: Adara Ventures

Company Website: https://www.caravelo.com/ 

Software Category: Travel Subscription Solutions

Source: https://siliconcanals.com/news/startups/travel-mobility/caravelo-secures-3-5m/