|$3.3 Billion travel tech & internet spending binge.|
Sunday, 20th April 2014
Source : Martin Kelly
|SilverRail has become the latest beneficiary of the travel tech spending binge, picking up a further USD40 million from its latest capital raising. |
This means that since late December, when Amadeus bought Newmarket International for USD500 million, investors have splurged at least $3.3 billion on travel technology or internet companies.
The list includes:
SilverRail raises USD40 million to expand (April)
Alibaba, the Chinese internet juggernaut, spends USD1.2 billion to buy 100% of mapping and navigation company AutoNavi (April)
Hotel tech outfit DerbySoft gets USD9 million to fund growth (April)
Amadeus pays €46 million (USD63m) for 68.5% of German corporate travel tech company i:FAO (April)
GrabTaxi, an app, said to have raised USD10 million (April)
Carrot, a Mexican car sharing site, wangles USD2 million from investors (April)
Genstar more than trebled its investment in TravelClick, selling the hospitality software and services firm for USD930m to another private equity company, Thoma Bravo (March)
~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
| Latest News (Click title to read article)|