Barcelona-based Exoticca, a TravelTech startup specialising within the digitalisation of long-haul, multi-destination journeys, has secured €25 million in funding from BBVA Spark, the division of BBVA targeted on supporting high-growth startups.
This financing follows the corporate’s latest €60 million Sequence D spherical led by Quadrille Capital, bringing the overall raised on this funding spherical to an €85 million.
“This extra funding from BBVA Spark gives us with much more flexibility to proceed innovating our enterprise mannequin and increasing our worldwide presence, significantly in key markets like North America, the place we already generate over 75% of our enterprise,” stated Pere Vallès, CEO of Exoticca.
Based in 2014 by Jesus Rodriguez Fernandez and Marti Guasch Mercade, Exoticca is a journey reserving company that employs over 400 “journey specialists”.
With this strategic funding, Exoticca is reinforcing its mission to redefine how advanced, long-distance journey is booked, deliberate, and skilled, in addition to accelerating its worldwide growth into key markets.
The funding will even be used to deepen the corporate’s dedication to AI-driven know-how, additional enhancing its capability to streamline journey planning and enhance the shopper expertise.
The startup’s AI-powered platform performs a essential function in automating key processes, together with connecting a number of journey parts, personalising suggestions primarily based on person preferences, optimising pricing methods, and simplifying the creation of advanced itineraries.
By leveraging machine studying and superior automation, Exoticca goals to supply a extra seamless and intuitive expertise for vacationers, decreasing the complexity of reserving multi-stop journeys whereas guaranteeing aggressive pricing, optimised routes, and tailor-made suggestions.
Along with bettering the end-user expertise, these improvements will even improve Exoticca’s relationships with its international community of journey suppliers, making a extra environment friendly and scalable ecosystem that goals to learn each travellers and trade companions.
The corporate has set its sights on changing into a world chief in “linked journeys”, an idea that refers to synchronising a number of journey companies and locations right into a unified, digitally optimised expertise. As Exoticca scales its operations, it goals to consolidate its place as a pioneering power within the digital transformation of long-haul journey, a market that strikes over €100 billion yearly – in response to Exoticca.
“Exoticca was born with the mission of revolutionising the long-haul journey sector that requires connecting a number of places and companies, digitalizing a class that has traditionally relied on bodily channels and handbook processes,” added Vallès.
This funding marks one other milestone in Exoticca’s speedy progress trajectory, reinforcing its dedication to know-how, automation, and user-centric journey experiences.
