Endeit leads €21m series-B for travel platform Comtravo

Previous backers Project A, Creandum and BtoV Partners also took part in the round, alongside new investors Deutsche Bank, AER Ticket and Jan Valentin, the former head of Europe at Kayak.

Previous funding
Vito One, BtoV, Monkfish Equity and Richmond View Venture provided Comtravo with a seed funding round of undisclosed value in January 2016.

Subsequently, Berlin-based Project A and Swedish VC Creandum co-led an €8.5m series-A funding round in July 2017, with participation from Howzat Partners and BtoV.

Company
Established in 2016 and headquartered in Berlin, Comtravo develops artificial-intelligence-based travel booking software. It aims to automate responses to business travel booking requests as well as centralising and rationalising the billing system. The company employs 110 staff and serves 700 companies based across the DACH region.

People
Endeit Capital – Philipp Schroeder (partner).
Comtravo – Michael Rieger (CEO).

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