Barcelona-based Exoticca, a travel tech platform for multi-day tour packages, announced the closure of a €60M Series D funding round.
The round was led by Quadrille Capital, the global investment platform focusing on high-growth technology companies, with participation from new investors All Iron and ICF, as well as existing investors 14W, Mangrove, Bonsai, Sabadell, and Aldea.
Alejandra Duran Gil, Partner at Quadrille Capital, says, “Exoticca is revolutionising the travel booking experience worldwide, significantly enhancing efficiency and affordability for travellers.”
“Exoticca’s strong financial foundation and the team’s exceptional execution are at the heart of our investment thesis. We are looking forward to supporting the company in its next phase of growth, leveraging our technology and financial expertise to contribute to its continued success.”
What does Exoticca offer?
The multi-day tour packages sector, worth over €100B, remains dominated by traditional tour operators with low digitisation, as Exoticca mentions. This limits travel agencies from offering real-time pricing and availability, resulting in a cumbersome and time-consuming purchasing process for customers.
Exoticca’s bespoke technology connects all necessary services (flights, hotels, meals, transfers, transportation, activities) for booking multi-day tours, linking local companies with travel agencies and online platforms.
By digitising the entire booking process, Exoticca has reduced booking times to minutes and can guarantee the best prices, cutting costs by around 30 per cent compared to competitors.
The company operates in the US, Canada, UK, France, Germany, Spain, Colombia, and Mexico. It is backed by VC funds including Quadrille Capital, 14W, K Fund, Milano Investment Partners, Mangrove, Bonsai, Kibo Ventures, ICF, and Sabadell Venture Capital.
Exoticca claims to have more than doubled its sales year-on-year since 2015, becoming the digital category leader by selling trips to over 70 destinations worldwide. It serves travellers in eight markets directly and through a network of partners.
The platform also enhances customer experiences with a Travel Concierge App and a real-time monitoring and automated response system for all package services.
Capital utilisation
The funds will enable Exoticca to enhance its platform by leveraging AI to improve product offerings, customer experience, and partner profitability.
The company aims to build a leading global brand, expand into new markets, and accelerate platform adoption by traditional travel agencies and online travel partners.
Pere Vallès, CEO at Exoticca, says, “While the rest of the travel industry has become digitised, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences. Exoticca’s mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone.
“The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product and growth.”
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