HomeFundingBarcelona-based traveltech company Exoticca takes off with €20 million

Barcelona-based traveltech company Exoticca takes off with €20 million

As travel continues to hit the headlines, Exoticca has just closed a €20 million investment deal. The Barcelona-based startup is now planning to jet set its growth plans by hitting up the Americas. 

The travel and tourism industry has had a busy summer and it’s not over just yet! After a couple of months of travel mayhem as travellers took back to the skies and seas in search of some adventure, relaxation and time away from home, the industry is enjoying continued growth. The travel space has also undergone some interesting developments over the past couple of years with the use of tech to enhance consumer experience being a stand-out trend. 

Born in one of Europe’s tourism capitals, Barcelona, Exoticca is a next-generation tour operator specializing in multi-day tour packages – and it’s just bagged new funding. 

Investment details

Exoticca has announced the close of a venture debt financing round of €20 million. The round was led by Claret Capital Partners and Sabadell Venture Capital.

It adds to a €25.2 million raise in 2021, which saw participation from 14W, Mangrove CapitalPartners, Aldea Ventures and more. With this new investment, the young company has raised €66 million. 

Despite the global lockdown that hit a lot of traveltech startups, Exoticca has enjoyed sustained growth over the years – with an average compounded growth rate of over 100% since 205. The firm expects to close 2022 with €120 million in revenue.

Digital age of travel

Founded in 2013, Exoticca has been building upon its vision to build a next-generation tour operator that has pioneered the digital transformation of travel and tourism. It’s been at the forefront of using tech to make consumer-centric travel experiences, and this funding reflects sustained confidence in its approach. 

Pere Vallés, the CEO, commented: “Travel is back and we believe that this is the right time to invest in order to build the digital category leader in the multi-day tour package space. We are very pleased with the support from Claret Capital Partners and Sabadell Venture Capital which will enable us to accelerate our growth plans by increasing our investment in technology and product”.

Exoticca’s platform enables the online sale of complex trips with multiple components in one place. Basically, it allows users to book flights, hotels, transfers, activities and so forth in one space – offering a frictionless purchasing experience and guaranteeing better prices. The tech also provides enhanced customer support in the destination with real-time monitoring of the travel experience. 

Currently, the platform sells trips to over 60 destinations worldwide to travellers in 7 markets – the US, Canada, the UK, France, Germany, Spain and Mexico. This new financing will be used to accelerate growth, with plans to land in the Americas.

The team also just launched a B2B vertical to provide traditional brick-and-mortar travel agencies with new tech and competitive travel products. 

Are you interested in travel? Check out this year’s FutureTravel Summit! Taking place in Barcelona, it’s a premium space for travel professionals to meet face-to-face, share insights, and the innovations that are moving the industry forward.

Patricia Allen
Patricia Allen
is the Head of Content at EU-Startups. With a background in politics, Patricia has a real passion for how shared ideas across communities and cultures can bring new initiatives and innovations for the future. She spends her time bringing you the latest news and updates of startups across Europe, and curating our social media.
RELATED ARTICLES

Most Popular