Funding round
TourRadar Series B
TourRadar, which works in organized adventure travel marketplace services in Vienna, raised $10M in a Series B round announced on 24 Oct 2017, led by Endeit. 3 firms took part, 2 of them already investors. It is TourRadar's third venture round on record; the one before was a Series A in May 2016.
$10M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
TourRadar did not disclose a valuation in this round. It came 17 months after TourRadar's Series A. It is 15% of the $67M TourRadar has raised in the venture rounds on record. TourRadar raised again 8 months later: a Series C round of $50M in Jun 2018.
Investors
Who put money in
Endeit led the round with 2 other firms. Cherry Ventures and Hoxton Ventures had backed TourRadar before.
Lead investor
- backs 24 venture-backed companies new investor
Also in the round
- backs 92 venture-backed companies existing investor
- Hoxton Ventures backs 50 venture-backed companies existing 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
10 Series B rounds in Travel Agencies within a year either side disclosed an amount; the median was $13M, and this round was 77% of the median. The closest in time, other companies' Series B rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 30 Jan 2018 | $11M | not disclosed | Inovia |
| Travel Agencies | 22 Feb 2018 | $11M | not disclosed | H.I.S. |
| Travel Agencies | 24 Apr 2018 | $80M | not disclosed | PPF Group |
| Perk Travel Agencies | 11 Apr 2018 | $21M | not disclosed | Target Global and Felix Capital |
| Travel Agencies | 2 Mar 2017 | $30M | not disclosed | HSG |
| Travel Agencies | 4 Jun 2018 | $18M | not disclosed | Partech and Felix Capital |
| Travel Agencies | 7 Feb 2017 | $10M | not disclosed | RB Investments |
| Travel Agencies | 24 Sep 2018 | $15M | not disclosed | Golden Gate Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did TourRadar raise in its Series B round?
TourRadar raised $10M in its Series B round, announced in Oct 2017.
Who led TourRadar's Series B round?
Endeit led it, with Cherry Ventures and Hoxton Ventures.
What was TourRadar's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Travel Agencies?
10 Series B rounds in Travel Agencies within a year either side disclosed an amount; the median was $13M, and this round was 77% of the median.
Did TourRadar raise again after this round?
Yes: a Series C round in Jun 2018 of $50M.