Capnamic and Iris lead Travador's $7m series-A

Travador, the online platform for short and experience holidays, has raised $7m in fresh capital after its seed funding round earlier this year. Travador will use the money for expansion both in the German-speaking region and internationally.

The company estimates the European market for short and experience holidays to be in the region of €100bn. It aims to capitalise on its view of customer behaviour, which is to tend toward short, spontaneous holidays.

Capnamic and Iris recently co-invested in mobile analytics app adjust's $7.3m series-C funding round, having initially invested in June 2013. They also recently exited online fashion retailer Glamloop in a trade sale to Rebelle, backed by VC firms including High-Tech Gründerfonds.

Company
Launched in March 2013, Travador is an online travel platform focusing on short and experience holidays, such as spa weekends and sold-out concerts and sports events. The Munich-based company has 50 employees and works with 2,500 partner hotels to provide holidays for 100,000 customers.

People
Katrin Buckenmaier, Sebastian Schmidt and Thorsten Schröppe are co-founders and managing directors of Travador. Bernhard Schmid is general manager of XAnge. Jörg Binnenbrücker is general partner at Capnamic.

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• Topics
• DACH
• Expansion
• Technology
• Germany