Dollars And Cents

tourRadar-daily

TourRadar has completed a $6 million round of Series A funding led by Cherry Ventures and Hoxton Ventures with participation from the two leading Austrian funds aws Founders Fund and Speedinvest.

TourRadar, which is headquartered in Vienna, has grown rapidly over the last year, tripling its booking revenues and expanding its base of more than 500 tour operators running trips to over
200 countries. It also signed partnerships with Amadeus and Rough Guides.

The Series A investment will support the company’s continued expansion and fuel the growth of marketing and its team. TourRadar currently employs 40 “self-confessed travel geeks,” with plans to grow to 70 within the next year.

Travis Pittman, CEO and co-founder of TourRadar, said, “We are excited to have new investors on board who have hands-on experience in scaling consumer businesses like Zalando, Groupon and Google.”

(http://www.tourradar.com)