Travelshift, a Reykjavik, Iceland-based online travel agency (OTA), has raised $10 million in funding, bringing its total raised to $30 million.
SaaS Investors
The investment was from an existing shareholder, General Electric.
General Electric Co. is a technology and financial services company. Founded in 1892, incorporated in the state of New York, and headquartered in Boston. The company operates in aerospace, power, renewable energy, the digital industry, additive manufacturing, venture capital, and finance.
Travelshift Use of Funds
Travelshift aims to use the funding to further develop its AI-powered platform, enhance its services, and expand its presence in the travel industry.
About Travelshift
Founded in 2012, Travelshift is an Icelandic online travel agency (OTA) that specializes in providing technology-driven travel solutions. Travelshift allows your company to build a thriving online marketplace for travel bookings and community-led tourist information. The company's platform is based on an affiliate system that uses artificial intelligence (AI) to automate content and curate travel plans, enabling travelers to manage their preferred accommodations based on the suggested itinerary and further customize their trips by adding available experiences in the vicinity.
Funding Details
Company: Travelshift
Raised: $10.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: General Electric
Additional Investors:
Company Website: https://travelshift.com/
Software Category: Travel Marketplace Software
Source: https://www.businesswire.com/news/home/20230829071571/en/Travelshift-Secures-10-Million-USD-Capital-Raise/