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        HotelRunner, a hospitality technology provider and a data-driven platform for accommodations and travel agencies, has acquired PayPad, a high-end point-of-sale system provider based in Istanbul, Turkey.
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        HotelRunner plans to introduce a comprehensive solution with a specific focus on enhancing on-premise sales and payments for hotels post-acquisition.&nbsp;
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        PayPad&rsquo;s cloud-based smart sales system is designed for restaurants, hotels, and retail stores and is used globally, with clients in the UK, Spain, the US, and Turkey.&nbsp;&nbsp;
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    <a href="https://www.finsmes.com/2023/09/hotelrunner-acquires-paypad.html">
      Finsmes
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Travel Tech

DISRUPTOR_PRESENT

Hospitality technology provider HotelRunner has acquired high-end point-of-sale system provider PayPad. The acquisition will allow HotelRunner to introduce a comprehensive solution that focuses on improving on-premise sales and payments for hotels. PayPad's cloud-based sales system is designed for restaurants, hotels, and retail stores and is used globally, with clients in the UK, Spain, the US, and Turkey.

HotelRunner acquires Paypad to offer comprehensive payment solutions for hotels

Tailbox, a startup specializing in personalized tours through an AI platform, has raised $1.5 million in seed funding. The investment will be used to further develop Tailbox's AI-powered tour guide platform and expand its partnerships with local agencies. Tailbox's platform offers customized tours based on individual interests, providing unique cultural insights to travelers. The startup collaborates with local agencies to gather specific data about different areas, allowing them to create personalized experiences for tourists.

Tailbox raises USD 1.5 million for product development and expansion

Travel planning platform BookSeats has secured CAD 1.4 million (~USD 1.0 million) in funding. The investment, led by KB Partners with participation from Phoenix Capital Ventures, Calano Funds, and Comcast NBCUniversal, will be used to enhance technology, expand product offerings, increase the team, and further develop the BookSeats Experience platform. BookSeats specializes in custom fan travel technology, connecting airlines, accommodations, and event ticket providers to offer fans discounted travel options for event planning.

BookSeats raises CAD 1.4 million in funding for improved customer experience

San Francisco startup, Mindtrip, has raised $7 million in seed funding to develop an AI-powered travel planning and booking platform. The funding, led by Costanoa Ventures, will be used to create a public beta version of the product, expected to be released by the end of the year. Mindtrip plans to offer a one-stop platform for users to plan and book all aspects of their travel, including destinations, flights, hotels, restaurants, and tours. The startup aims to stand out by integrating AI to provide not only text suggestions, but also photos, maps, pricing, and availability data for a comprehensive travel itinerary.

Mindtrip raises USD 7 million in seed funding to release product’s public beta version

Netherlands-based online booking platform Vipio has raised €4 million in funding from Dutch investment company NOM. The funding will be used to develop the platform and expand internationally. Vipio, founded in 2020, offers a unique booking platform for vacations and overnight stays, with a focus on providing uncommon destinations rather than standard accommodation options. The company plans to hire software developers, sales professionals, and online marketers to support its growth. Currently, Vipio has over 100,000 travelers using its service.

Vipio raises EUR 4 million to improve platform and international expansion

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

Major travel reservation system provider Sabre is investigating a cyberattack after a group known as Dunghill Leak claimed to have stolen 1.3 terabytes of data, including passenger and employee information. The group has posted some of the stolen data and has threatened to release more. The breach occurred at an undisclosed time, but the exposed data is from as recent as July 2022. Dunghill Leak is a relatively new ransomware and extortion group that has targeted various companies in the past. Sabre's technology is widely used by US airlines and hotel chains, and this is not the first security incident the company has faced.

Sabre announces ransomware attack on customer information database

Reward flight search engine and concierge service, Point.me, has raised $10 million in Series A funding led by Thayer Ventures. The funding round also included participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital. This brings the total funding for Point.me to $12 million. The funds will be used to enhance enterprise partnerships with major US card issuers, expand the concierge service and subscription offering for consumers, and enable the growth of B2B operations and integrated employee travel solutions. Point.me's platform allows users to search for reward flights across 33 loyalty programs and over 150 airlines.

Point.me raises USD 10 million to improve offerings and customer subscriptions

Modern Adventure, a travel experience provider, has raised $4.8 million in a Series A funding round. The round included participation from Seal Rock Partners, Matchstick Ventures, and Mischief Ventures. This comes after a $1 million seed round led by Seal Rock in late 2017. The funding will be used to expand travel offerings, improve customer experience, and enhance recruitment efforts. Modern Adventure focuses on talent-hosted travel experiences and private group retreats. Their dedication to creating unique experiences and building relationships with customers has contributed to their success and growth in the market.

Modern Adventure raises USD 4.8 million to increase travel offerings and improve customer experience

Online travel search and booking platform, Travelshift, has raised $10 million in funding, bringing its total funding to $30 million. The funding round saw participation from existing investors, including GE Investment Management Co.'s President and Chief Investment Officer. The funds will be used to accelerate Travelshift's growth initiatives and further develop AI-driven innovations for personalized and seamless travel experiences. The Iceland-based company focuses on using technology to transform travel services for the European leisure travel sector. Its AI-powered online booking platform allows users to search, curate, and book all their travel needs in one place, with dedicated solutions for Europe, Iceland, and the Philippines.

Travelshift raises USD 10 million to promote growth initiatives and improved AI application

Travel technology provider Snowfall has acquired group travel planning startup, AmigoGo, for an undisclosed sum. AmigoGo offers a collaborative app-based solution for groups to plan and book trips. The acquisition will enable Snowfall to enhance its trip planning capabilities of Junction One, its B2B multimodal travel retailing system. Junction One is a cloud-based platform that provides end-to-end travel booking and management for the business travel community. Snowfall hopes to integrate AmigoGo's group trip planning solution into Junction One to further improve its services.

All Updates