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Travel Startup Funding This Week


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This week, travel startups announced more than $115 million in funding. A few of the companies had very startup-y names such as Placemakr, TravelX, FutureStay, and Hoo.

This week, travel startups announced more than $115 million in funding.

>>Placemakr (formerly known as WhyHotel), a next-generation lodging operator, has closed a $90 million round of venture equity funding. It has now raised $127 million in venture funding. 

It has also received commitments for up to $750 million in programmatic equity — a type of non-debt financing— that it will use to acquire more blended apartment and hotel assets. Read Skift’s profile of Placemakr.

>>Futurestay, a seller of software services to short-term rental operators, has raised $11 million in a Series A funding round.

BNM Capital Management led the round.

The startup has tripled in host inventory growth over the past three months.

“The short-term rental industry is the leading creator of entrepreneurs in the world,” said Futurestay
co-founder and…

Read more…

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