TourRadar raises $50 million to strengthen platform and drive expansion

TourRadar, a platform for multi-day tours, has raised $50 million in Series C funding.

Funding for the Austria-based company was led by TCV while existing investors Cherry Ventures, Endeit Capital, Hoxton Ventures and Speedinvest also participated.

TourRadar, which has been around since 2010, (Startup pitch here), says it will use the funding to provide to boost its technology as well as drive further expansion.

Erik Blachford, a partner at TCV and formerly president and CEO of IAC Travel, joins the board of the tour company.

In a statement, TourRadar CEO Travis Pittman says:

“The experience and knowledge in the online travel sector that Erik Blachford and TCV bring to the table is exactly what we were looking for as we embark on this exciting next chapter.”

The company raised $500,000 back in mid 2014 and a further $6 million in 2016

TCV has invested in a number of growth-stage travel companies including Airbnb, Expedia, HomeAway and SiteMinder.

TourRadar raises $6 million to fuel expansion and marketing

TourRadar unveils mobile chat app for groups

TourRadar woos ex-Expedia CEO as part of angel investment round to boost consumer tools

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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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  1. Dhruv

    That’s absolutely baller, well done lads. Looking forward to the neat stuff you pull out of your hats on this one. Cheers and a pint is awaited.

     
 
 

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