Endeit leads $10m series-B for Tourradar

Existing investors Cherry Ventures and Hoxton Ventures have also taken part in the new round.

Tourradar will use the investment to double its headcount (currently at 100), hiring mainly in the technology and product development departments in Vienna, Brisbane and Toronto.

The company also plans to build brand awareness through video and content partnerships.

Investors were attracted to the company's digitalisation solution for a market that is still largely offline, with the company reporting that 90% of tours are still booked offline.

Previous funding
Austrian early-stage VC Speedinvest backed Tourradar in its seed rounds, investing less than $500,000 twice, in June 2013 and May 2014.

Subsequently, Hoxton and Cherry led the company's €6m series-A in May 2016, which Speedinvest also took part in.

Company
Tourradar was founded in 2010 and is headquartered in Vienna. The company runs an online marketplace for the touring industry, allowing travellers to book multi-day holiday tours. It currently employs 100 people and reports a threefold year-on-year revenue growth.

People
Endeit Capital – Martijn Hamann (partner).
Hoxton Ventures – Hussein Kanji (partner).
Cherry Ventures – Daniel Glasner (partner).
Tourradar – Travis Pittman (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Consumer
• Austria
• Venture