Articles tagged “fundraising”

News Blog

Ritz-Carlton Ultra-Luxury Cruise Brand Seeks up to $400 Million to Add Ships: Report

The Marriott-controlled ultra-luxury superyacht brand The Ritz-Carlton Yacht Collection would like to raise as much as $400 million to add two superyachts to its current three, Bloomberg News reported on Wednesday. The operator is backed by investors such as Oaktree Capital Management. Its first ship, the 298-guest Evrima, set sail in October 2022, with the…

Sean O'Neill | 4 months ago

Startups

Smiler Raises $8.5 Million to Connect Photographers with Tourists: Startup Funding Roundup

Smiler wants to make it easier for photographers and tourists to connect at travel destinations, while more startups are venturing into developing sustainable aviation fuel.

Justin Dawes | 7 months ago

Business Travel

Hybrid Hospitality Meets Crowdfunding

For any travel company that leans on a membership model, offering a tiny slice of equity is a cost-effective way to grow an army of loyal guests — but only if the brand is strong enough. If institutional investors continue to shy away, crowdfunding could take off in 2023.

Matthew Parsons | 1 year ago

News Blog

TripActions Secures $400 Million in Credit Facilities

Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to "accelerate the expansion of its customer base." The credit facilities consist of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with…

Matthew Parsons | 1 year ago

News Blog

Aviation Tech Provider SITA Raises $400 Million In ‘Green Financing’

SITA, a global technology provider for the aviation industry, has raised $400 million in so-called green financing. As Skift described in its 2022 Megatrends report, green financing is an emerging trend where investments are made in companies that support or provide planet-friendly practices or products. Four new banks have now signed up to support SITA…

Matthew Parsons | 1 year ago

Business Travel

Venture Capital Legend Tim Draper Looks to Franchise Hostels

Startup Draper House, which is part of the billionaire investor's funding network, is the perfect embodiment of entrepreneurial tourism, a fast-growing sub sector that blends startup culture and venture capital with hospitality. Co-branding opportunities could help it expand rapidly.

Matthew Parsons | 2 years ago

Business Travel

TravelPerk Will Wade Even Further Into U.S. Territory With $160 Million Funding Boost

TripActions now has a serious contender on its hands, and the new investors in Spanish startup TravelPerk clearly think there's enough room to make some money.

Matthew Parsons, Skift | 3 years ago

Online Travel

Expedia Grabs $3.2 Billion in Private Equity Financing and Appoints Peter Kern CEO

Barry Diller followed a familiar pattern and appointed someone he's known for years and feels comfortable working with as CEO. Peter Kern will have no trouble working with Apollo and Silver Lake, and with making deep cuts because he is a private equity guy at heart.

Dennis Schaal, Skift | 4 years ago

Online Travel

This Week in Travel Startup Funding: Atlas Obscura, LoungeBuddy and More

Skift | 9 years ago

Online Travel

Lyft Seeks New Funding to Better Compete With Uber

Lyft needs more financing to keep the wheels of its operation running and expanding, but being recognized as a more human form of ride-sharing is even more important to attracting and keeping users.

Samantha Shankman, Skift | 9 years ago