Spotnana, a New York-based leading provider of cloud-based travel technology, has announced it has raised $75M in Series B funding to continue building its breakthrough travel platform.
The round was led by Durable Capital Partners LP, with participation from existing investors Madrona Venture Group, ICONIQ Growth, Mubadala Capital, and Blank Ventures.
This new financing enables Spotnana to accelerate hiring and drive faster adoption of its Travel-as-a-Service Platform, which provides a single cloud-based technology stack to corporations, travel management companies, suppliers, and technology providers.
Company: Spotnana Technology, Inc.
Raised: $75.0M
Round: Series B
Funding Month: July 2022
Lead Investors: Durable Capital Partners LP
Additional Investors: Madrona Venture Group, ICONIQ Growth, Mubadala Capital, and Blank Ventures
Company Website: https://www.spotnana.com/
Software Category: Travel-as-a-Service Platform
About the Company: Led by CEO Sarosh Waghmar, Spotnana powers unparalleled global travel experiences. We are rebuilding the infrastructure of the travel industry in order to bring freedom, simplicity, and trust to travelers everywhere. Our Travel-as-a-Service platform enables corporations, agencies, suppliers, and technology providers to personalize travel booking, lower operating costs, and build deeper customer relationships.
Source: https://www.businesswire.com/news/home/20220726005040/en/Spotnana-Raises-75M-in-Series-B-Funding-to-Rebuild-the-Antiquated-Infrastructure-of-the-Travel-Industry