Reykjavik-based startup Travelshift has successfully raised $10 million in capital from its existing shareholders. This funding round elevates the startup’s total funding to $30 million. Travelshift is an online travel agency that uses innovative AI technology to provide personalized and seamless travel experiences, recently launching a platform called “Guide to Europe” to streamline European leisure trip planning. With this funding, the startup can fast-track its growth initiatives and advance the development of the next generation of travel by leveraging innovative AI applications to provide tailored and seamless travel experiences.
The financing represents a vote of confidence from Travelshift’s current investors in the company’s growth trajectory and future potential.
According to Harshal Chaudhari, President and Chief Investment Officer at GE Investment Management Co., “We are proud to continue supporting Travelshift’s remarkable journey. The company’s unwavering commitment to innovation and customer satisfaction has been instrumental in its success, and we firmly believe in its potential to further disrupt the leisure travel industry.”
The latest funding round follows Travelshift’s recent launch of Guide to Europe, a travel platform that solves the Connected Trip for the European leisure travel market. This innovative service, which is powered by AI, allows travelers to book everything they need in one checkout and manage their entire journey in one app. It also gives travelers access to thousands of itineraries that have been optimized with AI, with what is now the world’s largest selection of vacation packages in Europe.
“We are thrilled to receive the continued support and trust from our existing shareholders,” said David Stewart, CEO of Travelshift. “This financing round enables us to accelerate our growth initiatives and continue to build the next generation of travel through innovative use and application of AI to deliver personalized and seamless travel experiences.”
Travelshift extends its heartfelt appreciation to its dedicated team, loyal customers, and steadfast shareholders for their continued support and belief in the company’s vision.
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