London-based InterLnkd, a travel tech startup, announced on Wednesday that it has secured £1M (approximately €1.1M) in a seed round of funding led by Vanneck Ltd. with participation from other angel investors.
The company says it will use the funds to launch a series of functionality and design enhancements, and to support its expansion into other regional markets.
The announcement follows a series of recent partnerships with travel brands, including Thomas Cook, HolidayPirates, and LeShuttle (Eurotunnel).
InterLnkd: Empowers travel sellers to earn new revenue stream
Led by Barry Klipp, InterLnkd is the first ancillary revenue solution that enables travel companies to earn a new and free revenue stream from the products their customers buy across fashion, beauty, and retail, for the holidays they have just purchased.
The company’s intelligent matching engine powered by MotiVatedData, curates a personalised selection of products that align with a customer’s travel booking from over 20,000 brands across fashion, beauty, and essentials.
The UK-based company provides white-label technology for travel sellers to earn a cost-free incremental revenue stream from travelers’ holiday needs.
Barry Klipp, Chief Executive Officer of InterLnkd, says, “This new round of investment marks a pivotal moment for InterLnkd. It not only validates our mission to help the travel industry capitalise on a new and free stream of ancillary revenue, but also empowers us to deliver an even more tailored experience to our partners and their customers. We look forward enhancing our capabilities, expanding our global footprint, and reshaping the world of travel shopping.”
Vanneck Ltd is a UK based investment manager.
Heneage Stevenson, Director of Vanneck Ltd, says, “InterLnkd has built a truly unique and disruptive solution for the travel industry, where relevance and personalisation are paramount. At Vanneck Ltd., we see enormous potential in the start-up’s innovative approach to unlocking a new source of ancillary revenue for travel sellers and are excited to support their growth into new markets.”