Indaco, Airbridge lead €3m series-A for Travel Appeal

Indaco Ventures deployed capital from its first fund, which was launched in April 2018 with a €250m hard-cap and has so far collected €133m.

The GP was recently founded by a team of five managers composed of CEO Davide Turco, executive vice-president Elizabeth Robinson and investment directors Antonella Beltrame, Alvise Bonivento and Valentina Bocca. The management team owns 51% of the firm, while Fondazione Cariplo and Intesa Sanpaolo control the remaining 49%.

Travel Appeal will use the fresh capital raised to invest in the development of its technology platform and to accelerate its internationalisation process in Europe and the Middle East.

Company
Founded in 2014, Travel Appeal has developed an artificial intelligence platform for the travel industry that provides data to help companies improve their profitability, reputation and business operations. The company is headquartered in Florence, has offices in Treviso, Amsterdam and London, and employs 30 staff. The business serves around 4,000 customers across Europe, including hotels, restaurants, museums and travel agencies and expects to reach revenues of €25m by 2021.

People
Indaco Venture Partners - Antonella Beltrame (partner).
Travel Appeal - Mirko Lalli (founder).

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• Topics
• Expansion
• Southern Europe
• Technology
• Venture
• Italy