5 Startups Raise Money Over 2 Weeks

Travel startup funding has been slow so far this year, but business travel and hotel tech are consistently raising money — even if the amounts are small. 

Five of the six startups that raised money over the last two weeks are involved with either business travel or hotel tech. Collectively, the six startups raised only $57 million. 

Onfly: $40 Million

Onfly, a corporate travel and expense management platform, has raised a series B round of $40 million.

Tidemark led the round, with support from Endeavor Catalyst and Left Lane Capital.

Brazil-based Onfly says it is focused on digitizing business travel in Latin America.

Using the Onfly platform, employees of client companies can book and manage flights, hotels, buses, rental cars, and short-term rentals, as well as manage expenses. The company also offers prepaid corporate cards that clients can issue to employees.

(Read Skift’s story.)

Diamo: $4 Million

Diamo, a revenue platform for independent hotels, has raised $4 million in seed funding. 

Thayer Ventures and Inovia Capital co-led the round, with participation from Avalon Capital Group and several angel investors.

New York City-based Diamo says its platform provides multiple revenue management tools — automated pricing, omnichannel digital marketing, and website and booking engine services — all in one place. The startup plans to soon release an AI assistant meant to automatically configure revenue strategy and make ongoing recommendations for pricing, digital marketing, and distribution. 

Its target clients are hotels with fewer than 150 rooms, particularly those that are owner-operated or run by small teams.

The company says its tech can increase client revenues by 35%.

The funding will go toward product development and global expansion.

HeadBox: $4 Million

HeadBox, a platform for booking and managing meetings and events, has raised $4 million (£3 million).

Salica Investments led the round, with support from Deepbridge Capital and Egora Ventures

London-based Headbox says its platform can help meeting planners find venues, source supplies, manage events, and delegate hotel accommodations. 

The funding will go toward business growth and expansion in the APAC region. 

Conduit: $3.1 Million

Conduit, a platform that automates guest interactions for hotels and short-term rentals, has raised $3.1 million in seed funding.

Pi Labs led the round, with support from Y Combinator, Scout, YouTube co-founder Jawed Karim, Snapdocs founder Aaron King, and others.

San Francisco-based Conduit says it provides AI-powered bots that can handle text and voice conversations, with a platform that connects them directly with operational systems. The bots should be able to handle tasks like bookings inquiries, guest messaging, maintenance requests, payment collections, upsells, renewals, and more.

The funding will go toward product development, expansion into new markets, and expanding from short-term rentals to hotels and long-term rentals.

SuiteOp: $3 Million

SuiteOp, a guest communication and operations tech platform for hotels and short-term rentals, has raised $3 million in seed funding, 

ScOp Venture Capital led the round, with participation from Dream Capital, an unnamed private fund in Europe, and individual investors Kunal Shah, Sudeep Singh, and Song Pak.

New York City-based SuiteOp says its platform connects hospitality teams, back-office staff, and guests in one place. It provides tech to manage smart devices, guest communication and screening, task management, and analytics.

The company says it supports tens of thousands of units, growing five times in the last year. 

The funding will go toward product development, automation, and expansion into new markets. 

Goodwings: $3 Million

Goodwings, a corporate travel management platform focused on sustainability, has raised $3 million (20 million Danish krone).

The funding came from Global Cleantech Capital and multiple individual investors: Patrick Diemer, Lars Thuesen, Arve Andresen, Anders Colding Friis, Christina Topsøe, and Nicholas Hammeken.

The Denmark-based company said its clients can book flights, trains, hotels, and rental cars through the Goodwings platform. The platform allows the clients to set and track emissions targets, and it gives suggestions for the most climate-friendly options during bookings.

The company says its serves tens of thousands of business travelers globally.

The funding will go toward product development, adding partnerships, and business expansion.