Funding round
TourRadar Series C
TourRadar, which works in organized adventure travel marketplace services in Vienna, raised $50M in a Series C round announced on 26 Jun 2018, led by Technology Crossover Ventures. 5 firms took part, 4 of them already investors. It is TourRadar's fourth venture round on record; the one before was a Series B in Oct 2017.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
TourRadar did not disclose a valuation in this round. It came 8 months after TourRadar's Series B. It is 75% of the $67M TourRadar has raised in the venture rounds on record. No later venture round is on record for TourRadar.
Investors
Who put money in
Technology Crossover Ventures led the round with 4 other firms. Cherry Ventures, Endeit, Hoxton Ventures and Speedinvest had backed TourRadar before.
Lead investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
Also in the round
- backs 92 venture-backed companies existing investor
- backs 24 venture-backed companies existing investor
- Hoxton Ventures backs 50 venture-backed companies existing investor
- Speedinvest backs 186 venture-backed companies existing investor
Joined the board: Erik Blachford (TCV).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing and scaling operations.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 10 Apr 2018 | $12M | not disclosed | Fundamentum |
| Perk Travel Agencies | 15 Oct 2018 | $44M | not disclosed | Kinnevik |
| Travel Agencies | 25 Oct 2017 | $60M | not disclosed | Sequoia Capital and Goldman Sachs |
| Travel Agencies | 18 Apr 2019 | $9.8M | not disclosed | SBI Investment |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did TourRadar raise in its Series C round?
TourRadar raised $50M in its Series C round, announced in Jun 2018.
Who led TourRadar's Series C round?
Technology Crossover Ventures led it, with Cherry Ventures, Endeit, Hoxton Ventures and Speedinvest.
What was TourRadar's valuation at the Series C round?
It was not disclosed.