Funding round
TourRadar Series A
TourRadar, which works in organized adventure travel marketplace services in Vienna, raised $6.0M in a Series A round announced on 24 May 2016, led by Cherry Ventures and Hoxton Ventures. 4 firms took part. It is TourRadar's second venture round on record; the one before was a Seed in May 2014.
$6.0M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
TourRadar did not disclose a valuation in this round. It came 24 months after TourRadar's Seed. It is 9.0% of the $67M TourRadar has raised in the venture rounds on record. TourRadar raised again 17 months later: a Series B round of $10M in Oct 2017.
Investors
Who put money in
Cherry Ventures and Hoxton Ventures led the round with 2 other firms.
Lead investors
- backs 92 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- AWS Founders Fund new investor
- Speedinvest backs 186 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series A rounds in Travel Agencies within a year either side disclosed an amount; the median was $4.5M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 16 Mar 2016 | $4.5M | not disclosed | AppWorks |
| Travel Agencies | 7 Mar 2016 | $4.0M | not disclosed | Capital Mills |
| Travel Agencies | 3 Aug 2016 | $12M | not disclosed | not named |
| Travel Agencies | 26 Oct 2016 | $20M | not disclosed | PPF Group |
| Travel Agencies | 31 Dec 2015 | $16M | not disclosed | Idinvest Partners and Partech |
| Travel Agencies | 1 Oct 2016 | $2.0M | not disclosed | not named |
| Travel Agencies | 16 Oct 2015 | $5.0M | not disclosed | Matrix Partners |
| Travel Agencies | 5 Aug 2015 | $1.4M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did TourRadar raise in its Series A round?
TourRadar raised $6.0M in its Series A round, announced in May 2016.
Who led TourRadar's Series A round?
Cherry Ventures and Hoxton Ventures led it, with AWS Founders Fund and Speedinvest.
What was TourRadar's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Travel Agencies?
9 Series A rounds in Travel Agencies within a year either side disclosed an amount; the median was $4.5M, and this round was 1.3 times the median.
Did TourRadar raise again after this round?
Yes: a Series B round in Oct 2017 of $10M.