Amsterdam-based Katanox, a startup that enables a direct partnership between hotel and travel sellers, has received a convertible loan of €300K from the Innovation Fund Noord-Holland. Besides, there is additional co-financing by early-stage investors.
What does Katanox do?
According to the company, “The travel industry has seen a lot of growth over the past 30 years, but innovation in the sale of travel products has lagged behind. This is especially the case in the relationship between travel providers and the services they offer, such as air travel and hotel rooms. This relationship is governed by some closed B2B marketplaces and B2C platforms.”