Vietnamese startups are gaining more and more attention from foreign funds, as the financing of the Go2Joy hotel booking app shows.
Sean O’Neill, Skift
This week, travel startups announced more than $ 52 million in funding.
>>Holido, a startup serving the vacation rental market, closed a $ 45 million Series D funding round.
83North led the round. Prime Ventures, EQT ventures, Coparion, Senovo and other investors also participated.
The Munich-based startup has now raised more than $ 120 million since its founding in 2014.
Holidu debuted with its flagship product of a consumer price comparison engine for finding vacation rentals. He recently added a subsidiary called Bookiply, which is both a property management system and a channel manager for vacation homes – aimed at managers managing between 1 and 10 homes.
See Skift CEO Interview: Holidu Raises $ 45 Million for Vacation Rental Research and Services.
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>>Go2Joy, a travel tech startup in Vietnam, said it has raised around $ 6.1 million in a so-called Series A-plus investment round over the past year.
Skift reported on the first leg of this tour in February. Investor interest has continued since then, with the recent participation of SV Investment. HB Investment and Platform Partners Asset Management also participated.
The company, founded in 2016, is creating a mobile app that helps book hotels in non-standard increments, like a few hours. It has attracted over 200,000 users and over 1,000 hotel partners.
>>Long live the world, which makes recommendations for “slow trips” in Belgium and possibly elsewhere, closed an initial round of funding of approximately $ 362,000 (€ 300,000) from angel investors. EU start-ups first reported the news.
The Antwerp-based startup has set up its travel planning platform as a free test, offering around 300 local recommendations in Belgium. Entrepreneurs Joris Vanherp and Zoë Vets, who founded the company last year, hope to charge users for the recommendations on the theory, paying users will want unbiased results.
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Skift cheat sheet:
We define a startup as a company formed to test and build a repeatable and scalable business model. Few companies meet this definition. The few that often attract venture capital. Their fundraising rounds come in waves.
Seed capital is the money used to start a business, often run by angel investors and friends or family.
Series A funding usually comes from venture capital firms. The cycle aims to help the founders of a startup make sure that their product is something that customers really want to buy.
B series funding is primarily for venture capital firms that help a business grow faster. These rounds of funding can help recruit skilled workers and develop profitable marketing.
C series financing usually involves helping a business grow, for example through acquisitions. In addition to VCs, hedge funds, investment banks and private equity firms often participate.
D series, E and beyond These predominantly mature companies and the round table can help a company prepare to go public or be bought out. Various types of private investors could participate.