Europe is on target to hit a record for funding into travel tech companies in 2016. Scotland-based company Skyscanner, valued at $1.6bn, has raised more money than any of Europe’s other travel tech startups, at $197m. Rounding out the top three for funding amounts are the price comparison and travel booking companies: GoEuro ($146m raised) and GetYourGuide ($96m raised).
Europe looks well set to continue its track record of building world class travel tech companies.
Funding dollars to travel tech startups in Europe grew 150% in just under five years, from 2012 to 2016 year-to-date (10/17/2016). So far this year, investors have put roughly $526M into these companies, already an all-time high, and deals are on pace to hit a five-year peak through the end of the year. However, despite the overall peak in funding as a result of deals in the first two quarters of this year, lower deal and dollar amounts in Q3’16 signal that investors may be pulling back. The UK, Germany, and France saw the greatest number of deals in travel tech in Europe between 2012 and 2016 year-to-date. The same three countries also saw the largest share of dollars invested in the space within Europe