We are pleased to announce that Travello, one of Australia's leading youth focussed Online Travel Agencies (OTA) for tours and attractions, has raised $10m in it's Series B capital raising.
Founded in 2016 by Ryan Hanly and Mark Cantoni, Travello enables users to browse and book more than 20,000 tours, attractions and activities. It has been used by more than 2 million people in 180 countries.
The company is scaling rapidly with revenues averaging 25% MoM growth and are approximately 7x pre-pandemic levels.
The newly raised capital will support Travello's growth and expansion plans; product development; and expansion of the engineering, sales and marketing teams.
Coterie Capital served as exclusive financial advisor to Travello on this transaction.
Link to article: Travel start-up that cut costs to survive COVID now 7x bigger
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