Tourlane adds another $20M at a $242M valuation to help it weather the Covid storm

The tourism and travel industry has been one of the hardest hit by the global Covid-19 health pandemic, and today a promising startup in the space announced some funding to help it weather the storm. Berlin-based Tourlane, which has built a platform that mimics the role of an in-person travel agent to plan and book all aspects of multi-day trips for individuals and small groups, has raised $20 million, in what it describes as an extension to its 2019 Series C.
The money will be used to give Tourlane, in its own words, “financial stability; allowing the company to pursue its customer-centric vision of creating an end-to-end experience for booking unique individual trips based on advanced technology and travel expertise.”
From what we understand, the company has had a big drop in bookings as a result of the many bans on travel, reduced flight schedules and stay-at-home orders issued across different countries as they try to grapple with the coroanvirus outbreak: it’s currently at 20% the rate of bookings versus the same time last year.
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