Montefiore in €20m round for MisterFly

In the transaction, Montefiore partnered with French e-commerce retail company Vente-Privee. The latter had taken a minority stake in the startup in 2015.

Founders Nicolas Brumelot and Carlos Da Silva retain control of the business with a majority stake, while Montefiore's share will amount to around 28% and Vente-Privee's to 20%.

The transaction comes just nine months after the company was launched, and two months after it merged with fellow online travel brand H-Resa, specialised in hotel bookings.

Proceeds will be used to boost the startup's growth, making a number of targeted acquisitions in both B2C and B2B travel sectors. The founders hope the platform will reach €100m revenue within its first year of activity.

Company
MisterFly is an online travel agency specialised in the sale of airline tickets.

Launched in April 2015, the startup is based in Paris and currently employs around 60 people.

People
Montefiore Investment – Eric Bismuth, Jean-Marc Espalioux (partners).

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