Israel-based travel booking startup Pruvo recently closed $1.1M (€1.03 million approx.) in its seed funding round despite the tremendous impact Coronavirus has had on the travel industry. This round was led by SeedRocket 4Founders Capital from Spain, along with business Angels from Spain, UK, Netherlands and Israel.
Pruvo is a service that helps travelers save money on hotel stays by rebooking when the market price drops and has managed to save over $6.6M for its customers. The company announced earlier this year the launch of “Pruvo Revenue Maker”, an AI-driven solution for travel companies which helps travel companies (such as OTAs, Bed Banks, Travel agencies, etc.) to increase their profitability on their existing hotel reservations by re-booking when the market price drops.