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Funding
Civitatis receives USD 50 million from Vitruvian Partners for market expansion
Travel Tech
Jun 26, 2024
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Travel Tech
Jun 26, 2024

Civitatis receives USD 50 million from Vitruvian Partners for market expansion

Funding

  • Civitatis, a Spain-based marketplace for guided tours and activities, received an additional investment of USD 50 million from Vitruvian Partners, an existing investor who had invested USD 100 million in the company in April 2022. The latest investment was the sale of secondary shares.

  • Civitatis intends to utilize the funds to grow its business in Spain and Latin America, focusing on Mexico, Brazil, and Argentina.

  • Civitatis offers various guided tours and cultural activities tailored for Spanish and Portuguese speakers, providing a customer-centric and language-friendly booking experience. As of 2023, the company served around 10 million customers and offered 90,000 activities across 160 countries.

  • Analyst QuickTake: The funding raised is the largest recorded across platforms, specifically offering guided tours and activities for the year (other disruptors such as Exoticca and AnyCreek raised less than USD 10 million). Civitatis’ previous USD 100 million round in April 2022 was earmarked for similar purposes, such as growing its European footprint.

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