Travel technology platform Spotnana Raises $34 Million in Series A

by Kay Aloha Villamor in September 24th, 2021

Spotnana, a New York-based travel technology platform, raised a $34 million Series A round, co-led by ICONIQ and Madrona Venture Group with participation from Decibel and Mubadala Capital.

Previous undisclosed $7 million seed round from 2020, also from ICONIQ and Madrona, and including 8VC and Global Founders Capital.

The new funding will be deployed into additional hires, particularly on the engineering team, building out its travel operations infrastructure and continued development of its open architecture.

Company: Spotnana Technology Inc

Raised: $34.0M

Round: Series A

Funding Month: September 2021

Lead Investors: ICONIQ and Madrona Venture Group

Additional Investors: Decibel and Mubadala Capital

Company Website: http://www.spotnana.com/

Software Category: Travel Technology

About the Company: Founded by CEO Sarosh Waghmar and CTO Shikhar Agarwal in 2019, Spotnana is designing a software-as-a-service platform for travel buyers and suppliers aimed at automating associated back- and mid-office tasks, providing travel inventory from dozens of global sources and integrations with third-party workplace technology providers for ease of travel management. The platform is now open to the public after piloting with more than 50 corporate travel customers that manage travel across global offices, now from a single online dashboard. The company has also grown to over 120 employees over the past year.

Source: https://techcrunch.com/2021/09/23/travel-technology-platform-spotnana-launches-with-41m/



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