Traveltech Exotica secures €60 million in Series D

Exoticaa traveltech platform for multi-day travel packages, today announced the closing of a €60 million Series D funding round led by Quadrille Capital, with participation from new investors All Iron and ICF, as well as existing investors 14W, Mangrove, Bonsai, Sabadell and Aldea.

The multi-day package holiday sector is dominated by traditional tour operators with a very low level of digitalisation. This prevents travel agents from offering prices and availability for complex packages in real time and, as a result, customers experience a cumbersome and time-consuming purchasing process.

Exoticca’s technology combines all the different services (flights, hotels, meals, transfers, transport and activities) required to book multi-day tours and connects local businesses at the destination with travel agents and other online suppliers, providing the widest scope for travel package distribution. By digitizing all parts of the booking process, Exoticca has shortened the booking process for complex long-haul trips to a few minutes and can guarantee its customers the best prices, reducing costs by around 30% compared to competitors.

This latest cash injection will enable Exoticca to further develop its platform and leverage AI to improve product offerings, customer experience and increase partner profitability. The company is focused on building a leading global brand and entering new markets to accelerate the adoption of the platform with both traditional travel agents and other online travel partners.

Pere Vallès, CEO of Exoticca, commented: “While the rest of the travel industry has gone digital, the multi-day tour sector has stagnated, leaving customers struggling with inconsistent, time-consuming booking processes. Exoticca’s mission is to bring multi-day tour packages into the digital age and make dream trips accessible and affordable for all. The new funding will accelerate our vision and enable us to significantly increase our investment in technology, products and growth.”

Alejandra Duran Gil, Partner at Quadrille Capital, said: “Exoticca is revolutionizing the travel booking experience globally, significantly improving efficiency and affordability for travelers. Exoticca’s strong financial foundation and the team’s exceptional performance are at the heart of our investment thesis. We look forward to supporting the company in its next phase of growth and leveraging our technology and financial expertise to contribute to its continued success.”

Exoticca has more than doubled its revenue year-on-year since 2015, becoming the market leader in the digital category and selling travel to over 70 destinations worldwide to travelers in 8 markets (US, Canada, UK, France, Germany, Spain, Mexico and Colombia) directly and through a network of online and offline travel and non-travel partners.

The platform also enhances the customer travel experience through a travel concierge app and a comprehensive real-time monitoring and automated response system for all services included in the package.