Project A, Creandum lead €8.5m series-A for Comtravo

The new funding will be used to accelerate product development and facilitate future international expansion.

Both VCs emphasised the value of Comtravo's artificial intelligence team in a statement. According to the company, more than a third of its processed travel requests are fully automated.

Previous funding
In January 2016, Berlin-based seed investor Vito One provided Comtravo with a seed funding round of undisclosed value.

Company
Established in 2016 and headquartered in Berlin, Comtravo develops artificial-intelligence-based travel software. It aims to automate responses to business travel booking requests as well as centralising and rationalising the billing system.

People
Project A Ventures – Anton Waitz (partner).
Creandum – Simon Schmincke (principal).
Comtravo – Michael Rieger (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture
• Creandum