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German travel startup Tourlane raises $26M led by Sequoia
The travel industry continues to gain ground, expected to break $11 trillion in revenues this year, and consumers are evolving from so-called “revenge
It’s also making a significant bet on the back end, too, where AI will help evaluate the hundreds and thousands of permutations between flights, accommodation, cars, activities, time of year and more to maximise the chance of getting users what they want, and Tourlane more revenues, too as a result. “Company valuations in the private market are highly volatile and strongly influenced by several external factors that we can’t control, such as the cost of capital, investment hype cycles and perceived risk levels,” he said. “What is important to us right now is the fact that we have successfully secured €25 million of funding from world class investors, which enables us to bridge the path to profitability while further investing in our product, our service and our growth.
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