Just a few months after its first financing round, Travador, the online platform for short- and adventure travel, has received $7 million in growth financing. The fresh capital comes from XAnge Private Equity, Capnamic Ventures and Iris Capital.
Travador started in 2013 and is based in Munich. Over the past 12 months, Travador has become a leading platform in Germany for short-term and event travelling, and has secured deals with over 2,500 partners while serving over 100,000 enthusiastic travellers. Customers can currently book travel offers from Travador in Germany, Austria and Switzerland.
The vision of the founders, namely Katrin Buckenmaier, Sebastian Schmidt and Thorsten Schröppe is: “continued growth and expansion of the core business in German-speaking Europe, as well as steady expansion into new markets for Travador”. This means that a majority of the newly injected cash will be invested for this purpose.
Bernhard Schmid, General Manager at XAnge Private Equity, stated: “We are happy to be leading this second round of financing for Travador and are convinced that this will further accelerate the already impressive growth rate in the future. We are certain that Travador’s strategic positioning in the travel industry as well as proven strength of operational execution will enable it to not only become market leader in German-speaking Europe, but also in other markets.“
Sebastian Schmidt, Co-founder and Managing Director at Travador, commented proudly: “We are excited about the continued trust and support in our business by our existing investors Capnamic Ventures and Iris Capital as well as our renowned new investor XAnge Private Equity. This new financing represents the natural step forward, to accelerate our dynamic growth rate and drive ahead our expansion into major growth markets, on the basis of this investment.”
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