Exoticca's €60 Million Boost: A New Era for Multi-Day Travel Packages** **
July 25, 2024, 8:14 pm
Location: Spain, Catalonia, Barcelona
Employees: 51-200
Founded date: 2013
Total raised: $56.66M
Location: Spain, Catalonia, Palma de Cervelló,La
Employees: 11-50
Founded date: 2017
**
In the bustling world of travel, change is the only constant. Exoticca, a Barcelona-based travel tech platform, has just secured a hefty €60 million in Series D funding. This financial shot in the arm is led by Quadrille Capital, with support from new investors like All Iron and ICF, alongside existing backers such as 14W, Mangrove, Bonsai, Sabadell, and Aldea. This funding marks a pivotal moment for Exoticca, as it aims to disrupt the multi-day tour package sector, a market ripe for innovation.
The multi-day tour package industry is a giant, worth over €100 billion. Yet, it remains shackled to outdated practices. Traditional tour operators dominate, wielding low levels of digitization. This creates a labyrinth for customers, filled with inconsistent pricing and tedious booking processes. Imagine trying to navigate a maze blindfolded. That’s how many travelers feel when booking complex trips.
Exoticca is here to change that narrative. Their technology is a bridge, connecting flights, hotels, meals, transfers, and activities into a seamless booking experience. It’s like weaving a tapestry where each thread represents a different service, coming together to create a beautiful picture of travel. By digitizing the entire booking process, Exoticca has slashed the time it takes to book long-haul trips to mere minutes. Customers can now enjoy prices that are about 30% lower than competitors. This is not just a win for travelers; it’s a game-changer for the industry.
The new funding will fuel Exoticca’s ambition to enhance its platform further. They plan to leverage artificial intelligence to refine their product offerings and elevate customer experiences. Think of AI as a skilled craftsman, shaping the future of travel. The goal is clear: to build a leading global brand and expand into new markets. Exoticca is not just looking to grow; they are on a mission to revolutionize how people experience travel.
Pere Vallès, the CEO of Exoticca, emphasizes the urgency of this transformation. While other sectors of the travel industry have embraced digital advancements, the multi-day tour space has lagged behind. Customers have been left grappling with outdated systems, leading to frustration and lost opportunities. Exoticca’s vision is to usher in a new era, making dream trips accessible and affordable for everyone. The recent funding will accelerate this vision, allowing for increased investment in technology and growth.
The potential for Exoticca is vast. With more than doubling sales year-on-year since 2015, they have established themselves as the digital leader in this space. They sell trips to over 70 destinations worldwide, reaching travelers in eight markets, including the United States, Canada, and several European countries. This broad reach is a testament to their innovative approach and the trust they have built with customers.
But it’s not just about numbers. Exoticca enhances the travel experience through its Travel Concierge App. This tool acts as a personal assistant, providing real-time monitoring and automated responses for all services included in the package. It’s like having a travel buddy who knows the ins and outs of your journey, ensuring everything runs smoothly.
The travel industry is at a crossroads. The pandemic reshaped how people view travel, pushing many to seek more personalized and efficient experiences. Exoticca is poised to meet this demand head-on. By digitizing the multi-day tour package sector, they are not just keeping pace with change; they are leading the charge.
Investors are taking notice. Quadrille Capital sees the potential in Exoticca’s model. They recognize that the company is not just another travel tech startup; it’s a pioneer in a sector that desperately needs innovation. The backing from experienced investors will provide Exoticca with the resources and expertise to navigate the complexities of growth.
As Exoticca embarks on this new chapter, the travel landscape will be watching closely. Will they succeed in transforming the multi-day tour package industry? The odds are in their favor. With a strong financial foundation, a dedicated team, and a clear vision, Exoticca is ready to take flight.
In conclusion, Exoticca’s €60 million funding is more than just a financial boost. It’s a signal that the travel industry is ready for change. The barriers that once held back multi-day tour packages are beginning to crumble. Exoticca stands at the forefront, armed with technology and innovation. The future of travel is bright, and Exoticca is leading the way. Buckle up; the journey is just beginning.
In the bustling world of travel, change is the only constant. Exoticca, a Barcelona-based travel tech platform, has just secured a hefty €60 million in Series D funding. This financial shot in the arm is led by Quadrille Capital, with support from new investors like All Iron and ICF, alongside existing backers such as 14W, Mangrove, Bonsai, Sabadell, and Aldea. This funding marks a pivotal moment for Exoticca, as it aims to disrupt the multi-day tour package sector, a market ripe for innovation.
The multi-day tour package industry is a giant, worth over €100 billion. Yet, it remains shackled to outdated practices. Traditional tour operators dominate, wielding low levels of digitization. This creates a labyrinth for customers, filled with inconsistent pricing and tedious booking processes. Imagine trying to navigate a maze blindfolded. That’s how many travelers feel when booking complex trips.
Exoticca is here to change that narrative. Their technology is a bridge, connecting flights, hotels, meals, transfers, and activities into a seamless booking experience. It’s like weaving a tapestry where each thread represents a different service, coming together to create a beautiful picture of travel. By digitizing the entire booking process, Exoticca has slashed the time it takes to book long-haul trips to mere minutes. Customers can now enjoy prices that are about 30% lower than competitors. This is not just a win for travelers; it’s a game-changer for the industry.
The new funding will fuel Exoticca’s ambition to enhance its platform further. They plan to leverage artificial intelligence to refine their product offerings and elevate customer experiences. Think of AI as a skilled craftsman, shaping the future of travel. The goal is clear: to build a leading global brand and expand into new markets. Exoticca is not just looking to grow; they are on a mission to revolutionize how people experience travel.
Pere Vallès, the CEO of Exoticca, emphasizes the urgency of this transformation. While other sectors of the travel industry have embraced digital advancements, the multi-day tour space has lagged behind. Customers have been left grappling with outdated systems, leading to frustration and lost opportunities. Exoticca’s vision is to usher in a new era, making dream trips accessible and affordable for everyone. The recent funding will accelerate this vision, allowing for increased investment in technology and growth.
The potential for Exoticca is vast. With more than doubling sales year-on-year since 2015, they have established themselves as the digital leader in this space. They sell trips to over 70 destinations worldwide, reaching travelers in eight markets, including the United States, Canada, and several European countries. This broad reach is a testament to their innovative approach and the trust they have built with customers.
But it’s not just about numbers. Exoticca enhances the travel experience through its Travel Concierge App. This tool acts as a personal assistant, providing real-time monitoring and automated responses for all services included in the package. It’s like having a travel buddy who knows the ins and outs of your journey, ensuring everything runs smoothly.
The travel industry is at a crossroads. The pandemic reshaped how people view travel, pushing many to seek more personalized and efficient experiences. Exoticca is poised to meet this demand head-on. By digitizing the multi-day tour package sector, they are not just keeping pace with change; they are leading the charge.
Investors are taking notice. Quadrille Capital sees the potential in Exoticca’s model. They recognize that the company is not just another travel tech startup; it’s a pioneer in a sector that desperately needs innovation. The backing from experienced investors will provide Exoticca with the resources and expertise to navigate the complexities of growth.
As Exoticca embarks on this new chapter, the travel landscape will be watching closely. Will they succeed in transforming the multi-day tour package industry? The odds are in their favor. With a strong financial foundation, a dedicated team, and a clear vision, Exoticca is ready to take flight.
In conclusion, Exoticca’s €60 million funding is more than just a financial boost. It’s a signal that the travel industry is ready for change. The barriers that once held back multi-day tour packages are beginning to crumble. Exoticca stands at the forefront, armed with technology and innovation. The future of travel is bright, and Exoticca is leading the way. Buckle up; the journey is just beginning.