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 worked at tnooz from September 2011 to June 2018 in roles including senior reporter, deputy editor and managing editor.



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