Skift Take
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…
