Comtravo brings in €8.5 million in funding

Comtravo, a startup for booking and managing business travel, has closed Series A funding to the tune of €8.5 million.

The round has the participation of Sweden-based venture capital fund Creandum and Berlin-based venture capital firm Project A.

The startup is targeting small to medium sized businesses with its technology which uses Natural Language Processing to turn a text request into a query with best options then returned to the individual traveller based on preferences.

Trips can then be booked via an email.

In a statement, Simon Schmincke, Creandum says:

“Much of the innovation that already exists in the leisure travel market is still missing in the business travel market. Comtravo has the strongest team in artificial intelligence and travel technology to revolutionize business travel.”

The funding will go towards speeding up product development.

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About the Writer :: Linda Fox

Linda Fox is managing editor for Tnooz. For the past decade years she has worked as a freelance journalist across a range of B2B titles including Travolution, ABTA Magazine, Travelmole and the Business Travel Magazine.

In this time she has also undertaken corporate projects for a number of high profile travel technology, travel management and research companies.

Prior to her freelance career she covered hotels and technology news for Travel Trade Gazette for seven years. Linda joined TTG from Caterer & Hotelkeeper where she worked on the features desk for more than five years.



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