The Hamburg-based startup DREAMLINES today announced it has secured €20 million in a Series C round of financing. Not quite three years after launching, DREAMLINES, a globally operating cruise portal, has now attracted backing from further investors to fund the company’s rapid growth. A large proportion of the €20 million raised in this round comes from the investors Altpoint Ventures and Target Ventures. Previous investors Holtzbrinck Ventures, Hasso Plattner Ventures and Dimaventures also participated in this round.
The online portal DREAMLINES was founded in January 2012 and is one of the most important providers of cruises on the German market. Travellers can choose from more than 30,000 products – from short cruises to around-the-world and transatlantic cruises.
DREAMLINES currently has 280 employees worldwide. In addition to the German-speaking market, the company also operates in Australia, Italy, France, The Netherlands, Russia and Brazil. In August, DREAMLINES acquired one of the biggest cruise portals ‘down under’, in Australia. The young company now aims to further accelerate its global expansion.
Vadim Tarasov, Managing Director at Altpoint Ventures, stated: “Since DREAMLINES was founded, the company has experienced an explosive growth. In a very short period, this young enterprise has succeeded in carving out a leading position in the world’s key cruise markets. Judging by DREAMLINE’s positive development I am convinced that we are investing in an exceptionally promising business.”
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[…] The cruise line portal Dreamlines gathers €20 million in Series C funding to expand internationally and improve its software. Altpoint Capital and Target Ventures were the two main investors in the round. Read more on eu-startups […]